Project ID: 46387

China Eximbank provides $76.4 million loan for Phase 4 (Molodechno-Gudogay Section) of Railway Electrification Project (Linked to Project ID#66722, ID#66977, and ID#66727).

Commitment amount

$ 85739662.83392015

Adjusted commitment amount

$ 85739662.83

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Belarus

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government-guaranteed debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2015-05-10

Actual start

2015-09-24

Actual complete

2017-09-17

Geography

Description

On May 10, 2015, China Eximbank and Belarusian Railway — a state-owned railway company in Belarus — signed a $76,398,048 loan agreement for Phase 4 (Molodechno-Gudogay Section) of the Railway Electrification Project. The borrowing terms of the loan are unknown. The Ministry of Transport and Communications of Belarus issued a guarantee in support of the loan. The proceeds of the loan were used by the borrower to finance approximately 85% of the cost of a $89.9 million commercial contract [№ НОКС/Ю-794] that Belarusian Railway and China National Electric Import & Export Corporation (CUEC) signed on December 6, 2013. The purpose of the project was to electrify an 84 km railway segment from Molodechno to Gudogay and the Lithuanian border. Upon completion, it was envisaged that this project would reduce the train travel time from Minsk to Vilnius to two hours and thereby strengthen ties between Belarus and the European Union (via Lithuania). CUEC was the EPC contractor responsible for implementation. Construction began on September 24, 2015 and the project was completed on September 17, 2017.

Additional details

1. This project is also known as the Electrification of Molodechno-Gudogay-State Border Line Project. The Chinese project title is 马拉杰其诺-古达高依铁路电气化改造项目. The Russian project title is Электрификация участка гос. границы Молодечно-Гудогай or «Электрификация направления Молодечно – Гудогай – госграница». 2. China Eximbank also financed Phase 1 (see Project ID#66722) Phase 2 (see Project ID#66727), and Phase 3 (see Project ID#66977).

Number of official sources

8

Number of total sources

15

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Details

Cofinanced

No

Direct receiving agencies [Type]

Belarusian Railway [State-owned Company]

Implementing agencies [Type]

China National Electric Import & Export Corporation (CUEC) [State-owned Company]

Guarantee provider [Type]

Belarus Ministry of Transport and Communications [Government Agency]

Loan Details

Maturity

15 years

Bilateral loan

Investment project loan