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

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 Project 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»).

Additional details

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 (Project ID#39926).

Number of official sources

3

Number of total sources

4