Overview

China Eximbank provides $60.5 million loan to Uzbekistan Railways in 2017 for Tashkent City Subway Project (Yunusabad line)

Commitments (Constant USD, 2023)$64,379,646

Commitment Year•2017Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2017

Start (actual): Oct 1, 2017

First repayment (originally scheduled): Dec 31, 2021

Last repayment (originally scheduled): Dec 27, 2036

Geospatial footprint

Map overview

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The purpose of this project was to provide a loan to Uzbekistan railways for Tashkent city subway. More detailed locational information can be found at: https://www.openstreetmap.org/relation/2458136

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)

Receiving agencies

State-owned companies

Uzbekistan Railways

Implementing agencies

Government Agencies

Government of Uzbekistan

Loan desecription

China Eximbank provides $60.5 million loan to Uzbekistan Railways in 2017 for Tashkent City Subway Project (Yunusabad line)

Grace period•5 yearsGrant element•53.1012%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

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.

Staff comments

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.