China Development Bank lent $107.1 million in 2016 for the acquisition of one Boeing 787-8 Dreamliner (Linked to Project ID#54522)
Pledged amount
$ 126464162.84519182
Adjusted pledged amount
$ 126464162.84519182
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In 2016, China Development Bank agreed — at least in principle — to extend a $107.1 million loan to Uzbekistan Airways (NAC Uzbekistan Havo Yollari) for the acquisition of Boeing aircraft. The proceeds of this loan were to be used by Uzbekistan Airways (NAC Uzbekistan Havo Yollari) to buy at least one Boeing 787-8 Dreamliner. The Government of Uzbekistan issued a sovereign guarantee in support of the loan. The purchase resolution codes are 01.03.2018 N PP-3575 and 30.04.2018 N PP-3689 made by the President of the Republic of Uzbekistan. The borrowing terms of the loan are unknown.
Additional details
1. The Russian project title is Приобретение нового самолета Боинг-787-8. 2. This loan is not included in the Uzbek Ministry of Finance’s ‘The state debt of the Republic of Uzbekistan for 2020’ publication, so AidData has not coded it as a loan commitment for the time being. However, this issue warrants further investigation. 2. In 2018, ICBC also provided a loan for the acquisition of a Boeing 787-8 aircraft (captured via Project ID#54522)
Number of official sources
7
Number of total sources
13
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Uzbekistan [Government Agency]
Implementing agencies [Type]
Government of Uzbekistan [Government Agency]
Guarantee provider [Type]
Government of Uzbekistan [Government Agency]