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China Eximbank provides $41.7 million loan for Phase I of Dehkanabad Potash Fertilizer Plant Project (Linked to Record ID#72169 and #40128)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Uzpromstoybank |
| Country | Uzbekistan |
| Start Date | Jul 01, 2007 |
| End Date | Dec 18, 2027 |
| Duration | 7,475 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 40129 |
Grant Description
China Eximbank provides $41.7 million loan for Phase I of Dehkanabad Potash Fertilizer Plant Project In 2007, China Eximbank provided a $41.705 million loan to Uzbek Industrial and Construction Bank (JSC Uzpromstroybank) for Phase I of Dehkanabad Potash Fertilizer Plant Project.
This project involved the construction of the Dehkanabad potash plant located at the Tyubegatan deposit. Construction of phase 1 of the plant started in 2010. The total cost of the project is $123.7 million.
In addition to the China Eximbank funding, the Fund for Reconstruction and Development of Uzbekistan allocated a $61.9 million loan, and Uzkimyosanoat also directed its own funds to finance the construction. This project sought to increase the capacity of the plan to produce 200,000 tonnes of potash per year.
In 2008, SJSC Uzkimyosanoat concluded contracts with ZAO UK Zapadouralsky Machine-Building Concern (Russia) and CITIC Pacific Ltd. (China) for the turnkey construction of the facility. Construction began in 2007 and the first phase of the project was completed on October 5, 2010.
Staff Comments
- The Chinese project title is 乌兹别克斯坦钾肥加工厂. The Russian project title is xСтроительство ДЗКУ 1-очередь.
- This project is linked to Project ID#40128, a second China Eximbank loan for Phase II of Dehkanabad Potash Fertilizer Plant Project. On November 11, 2004, the Chinese Government also funded a feasibility study for this project (captured via Project ID#72169).
Sources & References
- China Eximbank allocates $110 mln to Uzbekistan for potash plant
- Dehkanabad potash fertilizers plant produces 180,000 tonnes of products
- Co-financing Projects in Uzbekistan
- Dehkanabad potash fertilizers plant produces 180,000 tonnes of products
- 德赫卡纳巴德钾肥厂（一期、二期）
- China allocates US$41.7m credit to build fertilizers plant in Uzbekistan
- 对外投资合作国别指南 乌兹别克斯坦 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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