China Eximbank provides $6 million loan for rehabilitation of Gulbakhor pumping station in Andijan oblast
Commitment amount
$ 8781355.7308198
Adjusted commitment amount
$ 8781355.73
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Water supply and sanitation (Code: 140)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On October 2, 2008, China Eximbank and the National Bank for Foreign Economic Activity of Uzbekistan signed a $5,759,830 loan agreement for the rehabilitation of Gulbakhor pumping station in Andijan oblast. The loan carried the following terms: 20 year maturity, 5 year grace period. 2% interest rate, 0.3% commitment fee, and 0.3% management fee. The National Bank for Foreign Economic Activity of Uzbekistan use the proceeds of this loan to on-lend to an unidentified entity at a 2.2% interest rate. China National Electric Equipment Corporation (CNEEC) was the contractor responsible for project implementation. This project was reportedly completed in 2010.
Additional details
1. The Russian name of this project is «Реконструкция насосной станции «Гульбахор 1К».
Number of official sources
3
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) [State-owned Bank]
Implementing agencies [Type]
China National Electric Engineering Co., Ltd. (CNEEC) [State-owned Company]
Loan Details
Maturity
20 years
Interest rate
2.0%
Grace period
5 years
Grant element (OECD Grant-Equiv)
48.97%