China Eximbank provides RMB 21 million loan for supply of 45 units of diagnostic equipment and their installation in 15 oncology centers (Linked to Record ID#39957)

Project narrative

On June 15, 2004, China Eximbank signed an agreement to provide a 300 million RMB concessional loan to the Republic of Uzbekistan for various projects (captured in #39957). On November 1, 2005, China Eximbank and the National Bank for Foreign Economic Affairs of the Republic of Uzbekistan signed an agreement to allocate a 21 million RMB loan for the supply of 45 units of diagnostic equipment and their installation in 15 oncology centers (also known as "dispensaries"). The equipment was used for the diagnosis, prevention and treatment of cancers. The loan carried the following terms: 2% interest rate, 20 year maturity, 5 year grace period, 0.2% commitment fee, and 0.2% management fee. The National Bank for Foreign Economic Affairs of the Republic of Uzbekistan then used the proceeds of this China Eximbank loan to on-lend to an unidentified entity at an interest rate of 2.15%. 3 of these dispensaries are located in Tashkent and the other 12 are located in various regions of the country. China National Machinery Import and Export Corporation (CMC) was the contractor responsible for project implementation.