Overview

China Eximbank provides $8.48 million loan for improvement of the meliorative network of arable land in central Ferghana

Commitments (Constant USD, 2023)$11,943,623

Commitment Year•2008Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Feb 14, 2008

First repayment (originally scheduled): Dec 30, 2012

Last repayment (originally scheduled): Dec 27, 2027

Geospatial footprint

Map overview

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The purpose of this project was to improve the meliorative network of arable land in central Ferghana in Uzbekistan. More detailed locational information can be found at: https://www.openstreetmap.org/way/27143452

Stakeholders

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

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned Banks

National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

Implementing agencies

State-owned companies

China National Machinery Import & Export Corporation (CMC)

Loan description

China Eximbank provides $8.48 million loan for improvement of the meliorative network of arable land in central Ferghana

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

Narrative

Full Description

Project narrative

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.

Staff comments

the Russian project title is «Улучшение мелиоративной сети пахотных земель Центральной Ферганы»