Completed Mixed AidData Chinese Aid

China Eximbank provides $70.11 million preferential buyer's credit loan for the purchase of Chinese electric locomotives (Linked to Record ID#40131)

$70.11M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)
Country	Uzbekistan
Start Date	Jan 15, 2009
End Date	Sep 09, 2031
Duration	8,272 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`40070`

Grant Description

China Eximbank provides $70.11 million preferential buyer's credit loan for the purchase of Chinese electric locomotives In November 2007, the Chinese Government and the Government of Uzbekistan signed a memorandum of understanding (MoU) in which China pledged to offer concessional loans to Uzbekistan for the acquisition of electric locomotives from China.

In May 2009, Uzbekiston Temir Yollari State Joint-Stock Railway Company (Uzbekistan Railways SJSRC) signed a contract with CSR Zhuzhou Electric Locomotive Company for the supply of 15 electric locomotives. The total cost of the project was $75.53 million.

The Export-Import Bank of China provided a $70,110,000 preferential buyer's credit loan to the National Bank for Foreign Economic Activity of Uzbekistan to support this contract.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: a maturity of 20 years

Uzbekistan Railways SJSRC covered the remaining cost of the project.

The projected speed of the electric locomotives was 160 km per hour, which would allow to double passenger turnover at the electrified railway roads of Uzbekistan. The new locomotives were to be used on the Samarkand-Khojidavlet railway line and Navoi-Samarkand line. All 15 electric locomotives were delivered to Uzbekistan Railways SJSRC by the end of 2010.

📋 Staff Comments

1. The Russian name of this project is «Узбекистон темир йуллари». Закупки пассажирских электровозов».

📚 Sources & References

Uzbekistan Temir Yollari receives three Chinese electric locomotives
China's Zhuzhou Electric launches supply of electric locomotives to Uzbekistan
新出口乌兹别克斯坦电力机车在南车株机公司下线
乌兹别克将从中国采购15台电力机车
株洲车辆厂为乌兹别克生产的首批两台电力机车提前交付使用
O'Z-Y型电力机车
ON MEASURES FOR IMPLEMENTATION OF THE PROJECT 'RENEWAL OF THE PARK OF PASSENGER LOCOMOTIVES OF THE GAZHK' UZBEKISTON TEMIR YULLARI '. PURCHASING PASSENGER ELECTRIC CARS '
ON MEASURES FOR IMPLEMENTATION OF THE PROJECT 'RENEWAL OF THE PARK OF PASSENGER LOCOMOTIVES OF THE GAZHK' UZBEKISTON TEMIR YULLARI '. PURCHASING PASSENGER ELECTRIC CARS ' 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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