Overview

China Eximbank provides $17.3 million to supply residential cold and hot water meters

Commitments (Constant USD, 2023)$28,734,270

Commitment Year•2007Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Water Supply And SanitationFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 30, 2007

First repayment (originally scheduled): Apr 28, 2012

Last repayment (originally scheduled): Apr 25, 2027

Geospatial footprint

Map overview

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The purpose of this project was to supply residential cold and hot water meters. These water meters were to be installed in bungalows and buildings in Tashkent and other states. More detailed locational information can be found at: https://www.openstreetmap.org/relation/196251

Stakeholders

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

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

Ipoteka Bank

Implementing agencies

State-owned companies

China National Machinery Import & Export Corporation (CMC)

Loan desecription

China Eximbank provides $17.3 million to supply residential cold and hot water meters

Grace period•5 yearsGrant element•53.1012%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On April 30, 2007, China Eximbank and Ipoteka Bank signed a $17,293,502.35 preferential buyer's credit (PBC) loan agreement for the procurement of Chinese-produced residential hot and cold water meters. The loan carried an interest rate of 2%, a 5 year grace period, a 20 year maturity, a 0.3% commitment fee, and a 0.3% management fee. It is to be repaid semi-annually. A consortium consisting of China National Machinery Import and Export Corporation and II YAN is the contractor responsible for project implementation. The consortium was contracted to provide more than 1 million hot and cold water meters to Uzbek public utilities and state local governments, and will be responsible for the installation of water meters. These water meters were to be installed in bungalows and buildings in Tashkent and other states.

Staff comments

1. The Russian name of the project is «Оснащение жилищного фонда Республики Узбекистан приборами учета холодной и горячей воды».