Project ID: 42497

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

Pledged amount

$ 375502512.06869805

Adjusted pledged amount

$ 375502512.06869805

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Ukraine

Sector

Health (Code: 120)

Flow type

Loan

Level of public liability

Central government-guaranteed debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2009-10-29

Description

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.

Additional details

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

Number of official sources

4

Number of total sources

9

Download the dataset

Details

Cofinanced

Yes

Cofinancing agencies [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Direct receiving agencies [Type]

State Ukrainian Polytechnic Association (Polytechmed) [State-owned Company]

Implementing agencies [Type]

Anhui Jianghuai Automobile Co., Ltd. (JAC Motors) [State-owned Company]

Guarantee provider [Type]

Government of Ukraine [Government Agency]

Loan Details

Bilateral loan

Export buyer's credit