China Exim Bank provides $115 million for Ring Railroad around Tashkent in 2017 (linked to #72174)
Commitment amount
$ 132518888.057412
Adjusted commitment amount
$ 132518888.057412
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]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On May 19, 2017, China's Export-Import Bank provides a loan of $115 million USD to construct an electrified high-speed double-track ring railroad in Tashkent, Uzbekistan. The project will be implemented in stages from 2017 to 2021. The feasibility study for the project would be completed by October 1st, 2018. The total cost of the project is $320.1 million, which includes the Eximbank loan, $25.3 million USD from the Uzbekistan state budget, $159.8 million USD from investments, and $20 million USD from the Fund for Reconstruction and Development of Uzbekistan. The electrified railroad will be double track and 71.2km in total length, with over 140km of railroads constructed. The railroad will include 26 stations, 7 minutes between trains, and 10 operational trains. According to a previous Presidential decree, the loan would have a 20-year maturity, 5 year grace period, as well as a 2.25% interest rate. According to the lex.uz sources (which shows official Uzbek Presidential Decrees), the decree of this project was amended to the project recorded #72174. Essentially, the language of Chinese Exim Bank providing a loan for the railroad was deleted and amended to provide a loan to a metro line in the same city.
Additional details
Number of official sources
2
Number of total sources
10
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Uzbekistan [Government Agency]
Loan Details
Maturity
20 years
Interest rate
2.25%
Grace period
5 years
Grant element (OECD Grant-Equiv)
37.0736%