China Eximbank provides $60.5 million loan to Uzbekistan Railways in 2017 for Tashkent City Subway Project (Yunusabad line)
Commitment amount
$ 69716458.49976891
Adjusted commitment amount
$ 69716458.5
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
In 2017, China Eximbank provided $60.5 million loan to Uzbekistan Railways for the Tashkent City Subway Project (Yunusabad line). This loan carries the following terms: 20 year maturity, 5 year grace period, and 2% interest rate. On May 19, 2017, the project for the construction of an electrified high-speed ring railway in Tashkent was approved by the President of Uzbekistan. The construction period, taking into account the preparatory period, is four years (2017-2021). The preliminary cost of the project is US$422.3 million. The ring line of the metro will pass through the territory of Yashnabad, Yakkasaray, Uchtepinsky, Shaikhantakhur, Almazar, Yunusabad, Chilanzar and Sergeli districts.
Additional details
The Russian project name I s Строительство кольцевой надземной линии метрополитена в городе Ташкенте. The Chinese project title is 尤努萨巴特区地铁支线建设项目.
Number of official sources
2
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Uzbekistan Railways [State-owned Company]
Implementing agencies [Type]
Government of Uzbekistan [Government Agency]
Loan Details
Maturity
20 years
Interest rate
2.0%
Grace period
5 years
Grant element (OECD Grant-Equiv)
39.0747%