China EXIM Bank pledges to loan Uzbekistan 42 million USD for construction of thermal stations

$42M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Uzbekistan Ministry of Finance
Country	Uzbekistan
Start Date	Jun 10, 2011
End Date	Jun 22, 2032
Duration	7,683 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`40130`

Grant Description

China EXIM Bank pledges to loan Uzbekistan 42 million USD for construction of thermal stations In June 2011, Uzbekenergo reported that China Exim Bank signed a memorandum of understanding with the Ministry of Finance of Uzbekistan to loan 42 million USD to construct thermal stations.

The loan agreement is to be signed in July-August of 2011, allocated as a loan of 20-years with a grace period of 5-years.

📚 Sources & References

China Eximbank to provide loan of $42 million to Uzbekistan
Chinese Eximbank plans to issue US$42m to Uzbekistan 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.