Overview

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

Commitments (Constant USD, 2023)$10,222,086

Commitment Year•2005Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2005

Geospatial footprint

Map overview

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This project was located in Uzbekistan's Bukhara, Navoi and Kashkadarya regions. More detailed locational information can be found at: https://www.openstreetmap.org/relation/1670973 and https://www.openstreetmap.org/relation/196246 and https://www.openstreetmap.org/relation/1670974

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)

Cofinancing agencies

Intergovernmental Organizations

Asian Development Bank (ADB)

Receiving agencies

Government Agencies

Government of Uzbekistan

Implementing agencies

Government Agencies

Uzbekistan Ministry of Agriculture & Water Resources

Loan description

China Eximbank provides a $5.1 million USD loan for the purchase of 60-65 excavators

Interest type•Unknown

Narrative

Full Description

Project narrative

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 Record ID#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.

Staff comments

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 Record ID#72162.