Loading grant details…
China Eximbank provides RMB 1.629 billion loan for Samarkand Cement Plant Construction Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Hengyuan Cement Joint Venture Co., Ltd. |
| Country | Uzbekistan |
| Start Date | Jan 01, 2023 |
| End Date | Mar 09, 2028 |
| Duration | 1,894 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 105661 |
Grant Description
China Eximbank provides RMB 1.629 billion loan for Samarkand Cement Plant Construction Project In 2023, the Hubei Branch of the Export-Import Bank of China (China Eximbank) and Hengyuan Cement Joint Venture Co., Ltd. [also known as Uzbekistan Hengyuan Cement (Joint Venture) Co., Ltd. or (恒遠水泥合資有限公司)] — a special purpose vehicle and joint venture of China Gezhouba Group Overseas Investment Co., Ltd. [55% equity stake], China Gezhouba Group Cement Co., Ltd. [40% equity stake], and Gansu Hengya Cement Co., Ltd. [5% equity stake] — signed an overseas investment (fixed asset) loan agreement worth approximately RMB 1.629 billion ($215,466,700) for the Samarkand Cement Plant Construction Project.
China Energy Engineering Corporation issued a repayment guarantee in support of the loan.
The purpose of the project is to construct a cement plant in the Kattakurgan district of Samarkand region with the capacity to produce 7,500 tons per day and 3 million tons per year. Upon completion, the project is expected to lead to 600 new direct jobs. The cement plant was first announced in 2018, but its construction was repeatedly delayed due to the Covid-19 pandemic.
The project’s groundbreaking ceremony ultimately took place on September 27, 2023.
Staff Comments
- The Chinese project title is 撒马尔罕水泥项目.
- The total cost of the project is $324 million and it is being financed according to a debt-to-equity ratio of 70:30.
Sources & References
- 进出口银行融资支持中国能建乌兹别克斯坦水泥项目建设
- 中乌主流媒体聚焦乌兹别克斯坦撒马尔罕水泥项目
- 中国能建乌兹别克斯坦撒马尔罕水泥项目预计2023年6月底点火
- 恒远水泥外资16.29亿元担保计划担保人调整为葛洲坝集团
- CHINA ENERGY ENGINEERING CORPORATION LIMITED 海外監管公告
- Uzbekistan Hengyuan Cement (Joint Venture) Co.
- Ltd.
- Ceremony for cement plant project in Kattakurgan
- Construction starts at Kattakurgan cement plant Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Hengyuan Cement Joint Venture Co., Ltd.
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
