China Development Bank provides $8.48 million loan for reconstruction of the AM-76 ammonia production unit
Commitment amount
$ 15274854.978494564
Adjusted commitment amount
$ 15274854.98
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
In 2007, China Development Bank and National Bank for Foreign Economic Activity of Uzbekistan signed a $8,489,500 loan agreement for the reconstruction of the AM-76 ammonia production unit at OJSC Ferganaazot. The terms of the loan were as follows: 11 year maturity, 2 year grace period, interest rate of LIBOR + a 1.5% margin, commitment fee of 0.5%, and management fee of 0.5%. This project was completed on January 15, 2010. Ferghanaazot OJSC is located in the city of Fergana within the Ferghana region.
Additional details
The Russian name of this project is «Реконструкция с элементами капитально- восстановительного ремонта производства аммиака АМ-76 на ОАО «Ферганаазот».
Number of official sources
0
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) [State-owned Bank]
Implementing agencies [Type]
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) [State-owned Bank]
Loan Details
Maturity
11 years
Interest rate
6.75%
Grace period
2 years
Grant element (OECD Grant-Equiv)
9.6394%