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Overview

China Eximbank provides RMB 157 million loan for Basic Education Schools Project (Linked to Record ID#72143)

Commitments (Constant USD, 2023)$38,405,261
Commitment Year•2005Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•EducationFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 18, 2005
Start (actual)
Jul 18, 2005
First repayment (originally scheduled)
Dec 31, 2009
Last repayment (originally scheduled)
Dec 27, 2024

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 RMB 157 million loan for Basic Education Schools Project

Grace period•5 yearsGrant element•49.6805%Interest rate (t₀)•2.5%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On July 18, 2005, China Eximbank and the National Bank for Foreign Economic Affairs of the Republic of Uzbekistan signed an RMB 157 million loan agreement for the provision of computer training equipment to 2055 primary ("basic educational") schools. As of June 2007, the RMB equivalent of $10.9 million had been disbursed through this loan agreement and $8.1 million had yet to be disbursed. The China Eximbank loan carried the following terms: 2.5% interest rate, 20 year maturity, 5 year grace period, 0.2% commitment fee, an a 0.2% management fee. In addition to this China Eximbank loan, the Chinese Government supported this project with a $1 million grant (captured in Record ID#72143). China National Machinery Import and Export Corporation (CMC) was the contractor responsible for implementation of this project. According to the Uzbekistan government's document, the project was implemented from 2005 to 2007.

Staff comments

This project is also known as the "Basic Education Schools Project". The Russian name of the project is "Оснащение общеобразовательных школ Республики Узбекистан учебными компьютерными классами. Some sources indicate that the project supported 2,055 primary schools, while others indicate that the project supported 1,900 schools.