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Overview

CDB provides $156 million loan for purchase of four Boeing 767 aircraft (Linked to Projecs ID#71910 and #72507)

Commitments (Constant USD, 2023)$177,293,555
Commitment Year•2011Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 11, 2011
Start (actual)
Feb 8, 2012
End (actual)
Jul 4, 2013

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

  • China Development Bank (CDB)

Receiving agencies

State-owned companies

  • Uzbekistan Airways JSC

Implementing agencies

State-owned Banks

  • National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

Loan description

CDB provides $156 million loan for purchase of four Boeing 767 aircraft

Interest type•Unknown

Narrative

Full Description

Project narrative

On May 11, 2011, Uzbekistan Airlines JSC announced that it would be utilizing $156 million from a $500 million line of credit from China Development Bank (captured via Record ID#72507) for the purchase of four new Boeing 767-300ER aircraft. Then, on February 8, 2012 Boeing delivered the first of the four 767-300ERs. The contract was fulfilled in full by July 4, 2013. The total value of the contract was $577.5 million. Additional lending support for this project was provided by the Islamic Development Bank. This acquisition followed an earlier agreement from the CDB in which they provided a $179 million loan for the purchase of four Airbus A-320 aircraft (as captured via Record ID#71910).