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National Bank for Foreign Economic Activity of the Republic of Uzbekistan draws down on RMB 1.18 billion credit line with CDB to improve public transportation operations across Uzbekistan
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) |
| Country | Uzbekistan |
| Start Date | May 17, 2023 |
| End Date | Apr 04, 2033 |
| Duration | 3,610 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 106741 |
Grant Description
National Bank for Foreign Economic Activity of the Republic of Uzbekistan draws down on RMB 1.18 billion credit line with CDB to improve public transportation operations across Uzbekistan On May 17, 2023, China Development Bank (CDB) and National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) signed an RMB 1,180,136,158 loan agreement for the acquisition of passenger, electric buses.
The proceeds of the loan are to be used by the borrower to finance the purchase of passenger buses and electric buses (captured in Record ID #104811).
The project has two phases: the first phase is for the acquisition of 1,000 Chinese manufactured electric and natural gas buses (captured in Record ID #106730) and phase two is for improving public transportation operations in other cities in Uzbekistan (captured in Record ID #106741). According to CDB, the loan was fully disbursed in June 2023.
Staff Comments
1. Please see Record ID #104811 for the total transaction amount and loan terms.
Sources & References
- JSC 'National Bank for Foreign Economic Activity of the Republic of Uzbekistan' Interim condensed consolidated financial information (unaudited) for six months ended 30 June 2023 and Report on review of interim condensed consolidated financial information
- National Bank of Uzbekistan and China Development Bank sign 1.18 billion yuan loan agreement
- 人民网：国开行：高质量落实3500亿元人民币融资窗口
- Uzbekistan looks to China for help with public transportation upgrade, Узбекистан приобретет 1 000 новых автобусов
- JSC 'National Bank for Foreign Economic Activity of the Republic of Uzbekistan' Consolidated Financial Statements For the year ended 31 December 2023 and Independent Auditor's Report
- China Development Bank to provide loan to Uzbek Bank for finance transport project 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
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)
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