China Eximbank provides a $5.1 million USD loan for the purchase of 60-65 excavators (linked to #39956)

On November 11, 2004, the Export-Import Bank of China and the Government of Uzbekistan signed a $300 million USD preferential buyer's credit (PBC) loan agreement (see linked umbrella ProjectID#39956). Under this line of credit agreement, China Eximbank allocated $5.1 million USD for the purchase of 60-65 excavators to improve the reclamation state of irrigated lands in the Bukhara, Navoi and Kashkadarya regions. The Uzbekistan's Ministry of Agriculture and Water Resources was responsible for project implementation. The Asian Development Bank provided two loans worth a total of $60.2 million USD for this project, while the Government of Uzbekistan's contributions, in the form of exemption from taxes, customs duties and mandatory contributions and contributions from the farms and water users set to benefit from the project amounted to $15.6 million USD.

Additional details

The Russian name of this project is Улучшение мелиоративного состояния земель Бухарской, Навоийской и Кашкадарьинской областей. While they share many commonalties, this project is distinct from the China Eximbank loan drawn from a 2004 line of credit (RMB tranche instead of USD) captured by project ID#72162.

Number of official sources

4

Number of total sources

4