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
Project lifecycle
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
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]