China Eximbank pledges $200 million USD in credit to fund renewal of Kazakhstan's rolling stock fleet

$200M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Kazakhstan
Country	Kazakhstan
Start Date	Jun 14, 2006
End Date	Sep 10, 2032
Duration	9,585 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`40117`

Grant Description

China Eximbank pledges $200 million USD in credit to fund renewal of Kazakhstan's rolling stock fleet On June 14, 2006, the Export-Import Bank of China agreed to provide a $200 million USD loan to Kazakhstan to renovate its passenger rolling stock.

📋 Staff Comments

1. There is very little information about this project beyond its announcement. In the absence of official confirmation and acknowledging the possibility that 'signed the credit agreement' may in fact mean that a memorandum of understanding was signed, AidData has coded this project as 'Pipeline: Pledge.' 2. This project is not to be confused with a $172 million USD China Eximbank loan for Kazakhstan's rolling stocks in 2002, see Record ID#40085.

📚 Sources & References

Chinese bank issues USD 200 M credit to Kazakhstan 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.