Overview

China Eximbank and CDB agree to provide $250 million buyer’s credit loan for Ambulance Acquisition Project

Commitments (Constant USD, 2023)$346,829,442

Commitment Year•2009Country of Activity•UkraineDirect Recipient Country of Incorporation•UkraineSector•HealthFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 29, 2009

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Cofinancing agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned companies

State Ukrainian Polytechnic Association (Polytechmed)

Implementing agencies

State-owned companies

Anhui Jianghuai Automobile Co., Ltd. (JAC Motors)

Guarantors

Government Agencies

Government of Ukraine

Loan desecription

China Eximbank and CDB agree to provide $250 million buyer’s credit loan for Ambulance Acquisition Project

Interest type•Unknown

Narrative

Full Description

Project narrative

On October 29, 2009, the Ukrainian legislature authorized a state-owned company called State Ukrainian Polytechnic Association (Polytechmed) to obtain a $250 million buyer’s credit loan from China Eximbank and China Development Bank. The Government of Ukraine issued a sovereign guarantee for this loan. The proceeds of the loan were to be used by the borrower to purchase ambulances from the Chinese state-owned car manufacturer JAC Motors.

Staff comments

There is no clear evidence that China Eximbank and CDB finalized a loan agreement with Polytechmed.