CDB provides $156 million loan for purchase of four Boeing 767 aircraft (Linked to Projecs ID#71910 and #72507)
Commitment amount
$ 191861308.2892393
Adjusted commitment amount
$ 191861308.29
Constant 2021 USD
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
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
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 Project 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 Project ID#71910).
Number of official sources
5
Number of total sources
9
Details
Cofinanced
No
Direct receiving agencies [Type]
Uzbekistan Airways JSC [State-owned Company]
Implementing agencies [Type]
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) [State-owned Bank]