China Eximbank provides $68.7 million preferential buyer's credit for Phase 1 of Railway Equipment Project (Linked to Project ID#39365)
Commitment amount
$ 84523263.33724211
Adjusted commitment amount
$ 84523263.34
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Indonesia
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On July 29, 2011, China Eximbank and the Government of Indonesia signed a $68,724,795 preferential buyer's credit (PBC) agreement for Phase 1 of the Railway Equipment Project. The borrowing terms of the PBC are unknown. The agreement went into effect on April 26, 2012 and the loan was fully disbursed. The purpose of the project was to facilitate the acquisition of railway equipment — specifically, 1,000 km of railway track (type UIC-54) and 100 wesel units (or Pengadaan 1000Km Rel dan 200 Unit Wesel) — for the Directorate General for Railways within the Ministry of Transportation of Indonesia. China Eximbank also provided a $175 million PBC for Phase 2 of the Railway Equipment Project (captured in Project ID#39365).
Additional details
1. This project is also known as Phase 1 of the Turn Out Project. 2. The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
Number of official sources
5
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Indonesia [Government Agency]
Implementing agencies [Type]
Indonesia Ministry of Transportation [Government Agency]