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Overview

China Eximbank provides $80.7 million buyer’s credit loan for Phase 2 (Gomel-Zhlobin Section) of Railway Electrification Project (Linked to Record ID#66722, ID#66977, and ID#46387)

Commitments (Constant USD, 2023)$83,470,607
Commitment Year•2013Country of Activity•BelarusDirect Recipient Country of Incorporation•BelarusSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jul 1, 2013
Start (actual)
Apr 1, 2014
End (actual)
Jul 8, 2016
Last repayment (originally scheduled)
Jun 28, 2025

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of this project was to electrify an 86 km railway segment from Gomel to Zhlobin. More detailed locational information can be found at https://reconnectingasia.csis.org/database/projects/electrification-of-railway-sections-gomel-zhlobin-osipovichi/013de91d-2794-4b2f-baaf-5e8ee4458934/ and https://www.openstreetmap.org/relation/6344026 and https://www.openstreetmap.org/relation/6344082#map=11/53.2185/28.9204.

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 Belarus

State-owned companies

  • Belarusian Railway

Implementing agencies

State-owned companies

  • China National Electric Import & Export Corporation (CUEC)

Guarantors

Government Agencies

  • Government of Belarus

Loan desecription

China Eximbank provides $80.7 million buyer’s credit loan for Phase 2 (Gomel-Zhlobin Section) of Railway Electrification Project

Interest type•UnknownMaturity•12 years

Narrative

Full Description

Project narrative

In July 2013, China Eximbank and the Government of Belarus signed a $80,728,167.20 buyer's credit loan agreement for Phase 2 (Gomel-Zhlobin Section) of the Railway Electrification Project. The loan carries a 12 year maturity. Its interest rate and grace period are unknown. The Government of Belarus on-lent the proceeds of the loan to Belarusian Railway and issued a sovereign guarantee in support of the loan. The proceeds of the loan were used by the borrower to finance approximately 85% of the cost ($94.97 million) of a commercial contract [№ НОКС/Ю-806] that Belarusian Railway signed with China National Electric Import & Export Corporation (CUEC) on December 3, 2012. The purpose of the project was to electrify an 86 km railway segment from Gomel to Zhlobin. CUEC was the EPC contractor responsible or implementation. The project commenced in April 2014 and it was completed on July 8, 2016.

Staff comments

1. This project is also known as the Second Stage of the Electrification of Gomel-Zhlobin-Osipovichi and Zhlobin-Kalinkovichi Project, the Second Stage of the Electric Locomotive and Railway Electrification Project, and the Gomel-Zhlobin Section of the Gomel-Zhlobin-Osipovichi and Zhlobin-Kalinkovichi Railway Electrification Project. The Chinese project title is 日洛宾-戈梅利铁路电气化改造项目. The Russian project title is проекта «Электрификация участков Гомель – Жлобин – Осиповичи и Жлобин – Калинковичи. Вторая очередь. Участок Гомель – Жлобин». 2. China Eximbank also financed Phase 1 (as captured via Record ID#66722), Phase 3 (as captured via Record ID#66977), Phase 4 (as captured via Record ID#46387) of the Railway Electrification Project. 3. Belarusian Railway is the national state-owned railway company of Belarus. It operates all of the rail transport network in Belarus