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Overview

China Eximbank provides $5.04 million loan for Kenimeh-1 Pumping Station Reconstruction Project

Commitments (Constant USD, 2023)$5,169,506
Commitment Year•2014Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Water Supply And SanitationFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 6, 2014
First repayment (originally scheduled)
Dec 31, 2018
Last repayment (originally scheduled)
Dec 27, 2033

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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This project is located in the Navoi region in Uzbekistan. More detailed locational information can be found at: https://www.openstreetmap.org/relation/196246

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

State-owned Banks

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

Implementing agencies

Government Agencies

  • Uzbekistan Ministry of Agriculture & Water Resources

State-owned Banks

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

State-owned companies

  • China National Electric Engineering Co., Ltd. (CNEEC)

Loan description

China Eximbank provides $5.04 million loan for Kenimeh-1 Pumping Station Reconstruction Project

Grace period•5 yearsGrant element•51.7329%Interest rate (t₀)•2.2%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On May 6, 2014, China Eximbank and National Bank for Foreign Economic Activity of Uzbekistan signed a $5.0407 million loan agreement for the Kenimeh-1 Pumping Station Reconstruction Project. The terms of this loan are as follows: 20 year maturity, 5 year grace period, and 2.2% interest rate. This project is located in the Navoi region in Uzbekistan. The total project cost was $5.306 million USD, with the Uzbek Government financing the remaining costs. The purpose of the project was to improve the irrigation system of the Navoi region through the reconstruction of water pumping stations. China National Electric Engineering Co., Ltd is the contractor responsible for project implementation. The Ministry of Agriculture and Water Resources of Uzbekistan was responsible for overseeing implementation.

Staff comments

The Russian project title is «Реконструкция насосной станции «Кенимех-1» в Навоийской области».