CDB agrees at least in principle to lend RMB 3.3 billion to VEB-Leasing for railcar leasing portfolio (Linked to Project ID#66602)
Pledged amount
$ 562744515.3835988
Adjusted pledged amount
$ 562744515.3835988
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Russia
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
In October 2017, China Development Bank agreed at least in principle to lend RMB 3.3 billion to VEB-Leasing for expansion of their rail car leasing portfolio to facilitate cargo shipping between Russia and China. The loan was part of a RMB 10 billion credit line established between CDB and VEB in 2015 (captured via Project ID#66602)
Additional details
1. Reports refer to a "draft plan" for financing the railcar lease portfolio, so it seems likely that a financial commitment has not yet been made. The status has therefore been coded as Pledge.
Number of official sources
1
Number of total sources
3
Details
Cofinanced
No
Direct receiving agencies [Type]
Vnesheconombank (VEB Bank or VEB.RF) [State-owned Bank]
Implementing agencies [Type]
Vnesheconombank (VEB Bank or VEB.RF) [State-owned Bank]