China Eximbank provides $50 million loan for the purchase of 63 excavators and 10 bulldozers
Commitment amount
$ 69636346.78981201
Adjusted commitment amount
$ 69636346.79
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Water supply and sanitation (Code: 140)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
In 2010, China Eximbank issued a $50 million loan to the Government of Uzbekistan for the acquisition of water and soil improvement equipment in Bukhara Oblast. The equipment purchased consisted of 63 excavators and 10 bulldozers from China National Machinery Import and Export Corporation. On June 26, 2011, it was reported that China National Machinery Import and Export Corporation supplied excavators to Uzbekistan for soil improvement in Bukhara and other places.
Additional details
1. The borrowing terms of the loan are unknown. This issue warrants further investigation.
Number of official sources
2
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Uzbekistan [Government Agency]
Implementing agencies [Type]
China Machine-Building International Corporation (CMIC) [State-owned Company]
Uzbekhydroenergo JSC [Government Agency]
Government of Uzbekistan [Government Agency]