Overview

China Eximbank pledges $22.8 million loan for restructuring of Tajik Telecom

Commitments (Constant USD, 2023)$42,784,567

Commitment Year•2006Country of Activity•TajikistanDirect Recipient Country of Incorporation•TajikistanSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 19, 2006

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

Government Agencies

Government of Tajikistan

Implementing agencies

State-owned companies

Tajiktelecom

Loan desecription

China Eximbank pledges $22.8 million loan for restructuring of Tajik Telecom

Interest type•Unknown

Narrative

Full Description

Project narrative

On October 19, 2006, Export-Import Bank of China pledged to loan $22.8 million USD for restructuring Tajik Telecom (also known as Tajiktelecom), Tajikistan’s national telecommunication operator. A new joint-stock company was to be established on the basis of this enterprise, and foreign legal and physical entities would have the right to purchase its shares. The total cost of the project was $27 million USD, according to a Tajik official.

Staff comments

Tajik Telecom is now known as OJSC "Tajiktelecom," which may indicate this project was completed. However, it is unclear if Chinese financing was ever disbursed.