Overview

China Eximbank loans RMB 99.99 million for the acquistion and installation of 400,000 household gas meters (Linked to Record ID#39926)

Commitments (Constant USD, 2023)$27,181,143

Commitment Year•2003Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2003

First repayment (originally scheduled): Dec 31, 2006

Last repayment (originally scheduled): Dec 29, 2012

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)

State-owned companies

Boskommungaz Enterprise («Бошкоммунгаз» агентства) of the Uzkommunkhizmat Agency («Узкоммунхизмат»)

Implementing agencies

State-owned Banks

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

Loan description

China Eximbank loans RMB 99.99 million for the acquistion and installation of 400,000 household gas meters

Grace period•4 yearsGrant element•35.6064%Interest rate (t₀)•2.5%Interest type•Fixed Interest RateMaturity•10 years

Narrative

Full Description

Project narrative

On April 24th, 2002, China Eximbank provided the National Bank for Foreign Economic Affairs of Uzbekistan with RMB 99,990,000 loan agreement for the acquisition and installation of 400,000 household gas meters (Linked to Record ID#39926). The reported terms of this loan were as follows: 2.5% interest, maturity of 10 years and grace period of 4 years. The National Bank for Foreign Economic Affairs of Uzbekistan then used the proceeds from this loan to on-lend (through a subsidiary loan agreement) to the Boskommungaz Enterprise («Бошкоммунгаз» агентства) of the Uzkommunkhizmat Agency («Узкоммунхизмат»).

Staff comments

One source identifies the interest rate as 3% rather than 2.5%. This distinction likely reflects the difference in the original loan agreement and the subsidiary loan agreement. The Russian project title is "для организации поставок в Республику Узбекистан приборов учета газа. This project is linked to a Chinese government 30 million RMB interest-free loan in 2001 for the acquisition and installation of household gas meters (Record ID#39926).