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Overview

China Development Bank provides $8.48 million loan for reconstruction of the AM-76 ammonia production unit

Commitments (Constant USD, 2023)$14,105,852
Commitment Year•2007Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2007
End (actual)
Jan 15, 2010
First repayment (originally scheduled)
Dec 31, 2008
Last repayment (originally scheduled)
Dec 29, 2017

Geospatial footprint

Map overview

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The AM-76 ammonia production unit at Ferghanaazot OJSC (Farg'ona Viloyati) is located in the city of Fergana within the Ferghana region of Uzbekistan. More detailed locational information can be found at: https://www.openstreetmap.org/way/27143452

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

  • China Development Bank (CDB)

Receiving agencies

State-owned Banks

  • National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

Implementing agencies

State-owned Banks

  • National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

Loan desecription

China Development Bank provides $8.48 million loan for reconstruction of the AM-76 ammonia production unit

Grace period•2 yearsGrant element•13.1313%Interest rate (t₀)•6.87%Interest type•Variable Interest RateMaturity•11 years

Narrative

Full Description

Project narrative

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.

Staff comments

The Russian name of this project is «Реконструкция с элементами капитально- восстановительного ремонта производства аммиака АМ-76 на ОАО «Ферганаазот».