China Eximbank provides $5.04 million loan for Kenimeh-1 Pumping Station Reconstruction Project
Commitment amount
$ 5580534.932960767
Adjusted commitment amount
$ 5580534.93
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [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
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. China National Electric Engineering Co., Ltd is the contractor responsible for project implementation.
Additional details
The Russian project title is «Реконструкция насосной станции «Кенимех-1» в Навоийской области».
Number of official sources
2
Number of total sources
4
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]
China National Electric Engineering Co., Ltd. (CNEEC) [State-owned Company]
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) [State-owned Bank]
Loan Details
Maturity
20 years
Interest rate
2.2%
Grace period
5 years
Grant element (OECD Grant-Equiv)
37.4738%