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Overview

China Eximbank provides $68.7 million preferential buyer's credit for Phase 1 of Railway Equipment Project (Linked to Record ID#39365)

Commitments (Constant USD, 2023)$78,105,534
Commitment Year•2011Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jul 29, 2011
Start (actual)
Apr 26, 2012

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 Indonesia

Implementing agencies

Government Agencies

  • Indonesia Ministry of Transportation

Loan description

China Eximbank provides $68.7 million preferential buyer's credit for Phase 1 of Railway Equipment Project

Interest type•Unknown

Narrative

Full Description

Project narrative

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 Record ID#39365).

Staff comments

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.