China Eximbank provides $8.48 million loan for improvement of the meliorative network of arable land in central Ferghana
Commitment amount
$ 12928488.618127951
Adjusted commitment amount
$ 12928488.62
Constant 2021 USD
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
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
On February 14, 2008, China Eximbank provided a $8.48 million loan to the National Bank for Foreign Economic Activity of Uzbekistan for improvement of the meliorative network of arable land in central Ferghana. The loan had a maturity of 20 years, a grace period of 5 years, and an interest rate of 2%. The total budget for the project was $20.5 million. China National Machinery Import and Export Corporation was the contractor responsible for project implementation. The current status of the project is unknown.
Additional details
the Russian project title is «Улучшение мелиоративной сети пахотных земель Центральной Ферганы»
Number of official sources
3
Number of total sources
4
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 Machinery Import & Export Corporation (CMC) [State-owned Company]
Loan Details
Maturity
20 years
Interest rate
2.0%
Grace period
5 years
Grant element (OECD Grant-Equiv)
48.97%