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

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 Project 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.

Additional details

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.

Number of official sources

6

Number of total sources

7