Loading grant details…
China Eximbank provides $175.05 million preferential buyer's credit for Phase 2 of Railway Equipment Project (Linked to Record ID#61219)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Indonesia |
| Country | Indonesia |
| Start Date | Aug 18, 2016 |
| End Date | Jun 23, 2031 |
| Duration | 5,422 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 39365 |
Grant Description
China Eximbank provides $175.05 million preferential buyer's credit for Phase 2 of Railway Equipment Project On August 18, 2016, China Eximbank and the Government of Indonesia's Ministry of Transportation signed a $175,056,055 preferential buyer's credit (PBC) agreement [China Exim Bank PBC (2016) 23 Total No. (411)] for Phase 2 of the Railway Equipment Project.
The borrowing terms of the PBC are unknown.
However, it is known that the borrower was to use the PBC proceeds to partially finance a commercial contract that was signed on September 30, 2015. The PBC agreement went into effect on January 24, 2017 and the loan achieved a disbursement rate of 68.1% by mid-2018.
The purpose of Phase 2 was to procure 1,500 km of railway material and 500 turnout (wessel) units for use in the construction of a railway in Java, the construction of the Trans Sumatra railway lines, and the reconstruction of railways that are no longer active.
The Government of Indonesia's Ministry of Transportation was responsible for executing the project over a period of 36 months.
China EximBank also provided a $68.7 million PBC for Phase 1 of the Railway Equipment Project (captured in Record ID#61219).
Staff Comments
- This project is also known as the Procurement of Track Material and Turn Out - Phase II Project and the Procurement of Track Material and Turnout Phase II (1500 KM'SP and 500 Unit) Project.
- The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
- The Government of Indonesia project identification number is BB-1114-R1-029-0.
Sources & References
- List of Planned Priority External Loans (DRPPLN) 2014
- List of Planned Priority External Loans (DRPPLN) 2013 Ministry
- Laporan Kinerja Penyerapan Pinjaman
- Hibah dan Project Based Sukuk (PBS)
- LIST OF PLANNED PRIORITY EXTERNAL LOANS (DRPPLN) 2016
- List of Chinese Government Loans from the Management Reports for Government Loans and Grants (2011-2018)
- List of Planned Priority External Loans and Grants (DRPPHLN) 2011
- List of Medium-Term Planned External Loans (DRPLN-JM) 2011-2014 ~2012 Revision~
- LIST OF PLANNED PRIORITY EXTERNAL LOANS (DRPPLN) 2016
- Kementerian PPN/ Bappenas LAPORAN KINERJA PELAKSANAAN PINJAMAN DAN/ATAU HIBAH LUAR NEGERI TRIWULAN IV 2018
- Agustus 2016
- Pemerintah Melakukan Penandatanganan 5 Perjanjian Pinjaman Dan Hibah Baru
- China Overseas Development Finance 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
Government of Indonesia
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
