China Eximbank provides $28.5 million preferential buyer's credit to facilitate the acquisition of dredgers (Linked to Record ID#70581)

Funder	China (People's Republic of)
Recipient Organization	Uzbekistan
Country	Uzbekistan
Start Date	May 03, 2011
End Date	Sep 10, 2030
Duration	7,070 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`40111`

Grant Description

China Eximbank provides $28.5 million preferential buyer's credit to facilitate the acquisition of dredgers On April 19, 2011, China Eximbank and the Government of Uzbekistan signed a $28.5 million preferential buyer's credit (PBC) loan agreement to facilitate the acquisition of dredgers.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate2%

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.