Project ID: 58479

China Eximbank provides loan for Cement Plant Construction Project (Linked to Umbrella Project #58475)

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Venezuela

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-07-21

Geography

Description

On July 21, 2014, the China Eximbank signed a loan agreement for constructing a new cement plant in Lara state in Venezuela. The face value of this loan and its borrowing terms are unknown. It is unclear whether this project ever reached implementation. This project was financed by a $1 billion USD credit line to PDVSA (see Umbrella Project #58475).

Number of official sources

1

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Pétroleos de Venezuela S.A. (PDVSA) [State-owned Company]

Loan Details

Bilateral loan

Investment project loan