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China Eximbank provides $110.5 million preferential buyer’s credit loan for Phase II of Dehkanabad Potash Fertilizer Plant Project (Linked to Record ID#72169 and #40129)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Uzpromstoybank |
| Country | Uzbekistan |
| Start Date | Sep 22, 2011 |
| End Date | Jan 27, 2026 |
| Duration | 5,241 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 40128 |
Grant Description
China Eximbank provides $110.5 million preferential buyer’s credit loan for Phase II of Dehkanabad Potash Fertilizer Plant Project On September 22, 2011, China's Eximbank and Uzbek Industrial and Construction Bank (JSC Uzpromstroybank) signed a preferential buyer’s credit (PBC) agreement worth $110.5 million to build the second phase of the Dehkanabad potash fertilizer plant.
The Government of Uzbekistan provided a sovereign guarantee for the loan. The project was also to be funded by FRD ($62 million) and Uzkimyosanoat ($22 million) for a total of $126 million.
The second phase of the project was meant to triple the capacity of the plant — to at least 600,000 tons of potash per year, 350,000 tons of which was planned to be exported. CITIC Construction was responsible for the construction of the plant. The project was completed on March 18, 2014.
Staff Comments
- The Chinese project title is 乌兹别克斯坦钾肥加工厂 or 德赫卡纳巴德钾肥厂（二期. The Russian project title is 'Строительство ДЗКУ 2-очередь.
- On November 11, 2004, the Chinese Government funded a feasibility study for this project (as captured via Project ID#72169). China Eximbank financing for Phase I of the Dekhanabad potash fertilizer plant is captured via Project ID#40129.
Sources & References
- China Eximbank allocates $110 mln to Uzbekistan for potash plant
- China allocates loan to Uzbekistan to build fertilizers plant
- Co-financing Projects in Uzbekistan
- 张霄大使会见中信建设有限责任公司副总经理陈晓佳
- 德赫卡纳巴德钾肥厂（一期、二期）
- 中国进出口银行
- 国外建设动态, СВОДНЫЙ ОТЧЕТСЛУЖБЫ ВНУТРЕННЕГО АУДИТААО «УЗКИМЁСАНОАТ»
- 乌兹别克斯坦钾肥加工厂一、二期项目
- Dehkanabad potash plant, В Узбекистане завершено строительство второй очереди Дехканабадского завода калийных удобрений
- Uzkimyosanoat completes construction of second line of Dehkanabad potash fertilizers plant
- 中信建设乌钾二期项目成功产出钾肥
- Lehigh Institute Accomplishes Uzbekistan Potash Project, «Dekhkanabad plant potassium fertilizers» UE
- 乌兹别克斯坦总统卡里莫夫批准中信建设公司执行的“德赫卡纳巴德钾肥厂（二期）”项目可行性研究报告, О мерах по реализации инвестиционного проекта «Расширение производственных мощностей Дехканабадского завода калийных удобрений (II этап)»
- China allocates US$41.7m credit to build fertilizers plant in Uzbekistan
- 乌兹别克斯坦总统批准中信建设公司执行的“德赫卡纳巴德钾肥厂（二期）”项目可行性研究报告
- AND 400 THOUSAND TONS EXTRA
- Dehkanabad potash fertilizers plant produces 180,000 tonnes of products 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
Uzpromstoybank
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