Overview

China Construction Bank provides a $30.0 million NZD standby loan to Auckland International Airport Limited for unspecified purposes

Commitments (Constant USD, 2023)$20,685,502

Commitment Year•2019Country of Activity•New ZealandDirect Recipient Country of Incorporation•New ZealandSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 1, 2019

Last repayment (originally scheduled): Feb 28, 2024

Geospatial footprint

Map overview

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The loan supported the Auckland International Airport. More detailed locational information can be found at https://www.openstreetmap.org/relation/14260471

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 Commercial Banks

China Construction Bank Corporation (CCB)

Receiving agencies

Private Sector

Auckland International Airport Limited (AIAL)

Loan desecription

China Construction Bank provides a $30.0 million NZD standby loan to Auckland International Airport Limited for unspecified purposes

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

In March 2019, China Construction Bank Corporation (CCB) entered into a multi-currency $30.0 million NZD standby facility (line of credit loan) agreement with Auckland International Airport Limited — the owner and operator of Auckland Airport — for unspecified purposes. This facility carried a maturity of five years and a final maturity date of April 3, 2024. It was supported by a negative pledge deed. As of June 30, 2021, no funds had been drawn down under the facility.