China's Exim Bank Loans to Create Food Transport Center in Bukhara (Linked to #54125)
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
In 2016, China's Xinjiang Silu Changlong Investment Co., Ltd committed to implementing, with the Ministry of Economy of Uzbekistan, a food transport center in Bukhara, Uzbekistan for the production, processing, and exportation of agricultural products. Total foreign financing will be $28.7 million; news sources report that this consists of investment by Xinjiang Silu Changlong Investment Co., Ltd. (project #54125) and a loan from the Eximbank of China, captured in this project. The breakdown of this financing is unclear. For the purpose of this project, $28.7 million has been coded as the transaction amount for the linked project, so as not to be double counted. The project will include a modern logistics center; 2 plants for processing of fruits, vegetables, meat and dairy products; a factory for the production of cardboard and plastic boxes; 4 refrigerators; energy efficient green houses; plant orchards using intensive technologies; and 20 refrigerated MAN trucks. The initial capacity of the project will be 10,000 products annually, and all fruits & vegetables will be exported.
Number of official sources
2
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Uzbekistan Ministry of Economy [Government Agency]
Implementing agencies [Type]
Xinjiang Silu Changlong Investment Co., Ltd [Private Sector]
Uzbekistan Ministry of Economy [Government Agency]