Overview

China Eximbank provides seller's credit to Shanghai Tunnel Engineering Co., Ltd. for the export of six subway tunnel shields to Singapore

Commitment Year•2016Country of Activity•SingaporeDirect Recipient Country of Incorporation•China (People's Republic of)Sector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2016

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% Chinese ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned companies

Shanghai Tunnel Engineering Co., Ltd. (STEC)

Loan description

China Eximbank provides seller's credit to Shanghai Tunnel Engineering Co., Ltd. for the export of six subway tunnel shields to Singapore

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2016, the Shanghai Branch of the Export-Import Bank of China agreed to provide a export seller's credit of an unknown amount to Shanghai Tunnel Engineering Co., Ltd. for the export of six subway tunnel shields to Singapore to be used on the construction of subway tunnels. A "subway tunnel shield", or a tunneling shield, is a temporary structure used during the construction of subway tunnels to protect workers inside the tunnel from collapsing materials or the cave-in of the tunnel.

Staff comments

1. The Chinese project title is 加坡地铁项目.