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China Eximbank provides $42.17 million loan for Electric Locomotive Acquisition Project (Linked to Record ID#40070)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) |
| Country | Uzbekistan |
| Start Date | Jan 01, 2011 |
| End Date | Oct 29, 2026 |
| Duration | 5,780 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 40131 |
Grant Description
China Eximbank provides $42.17 million loan for Electric Locomotive Acquisition Project In 2012, China Eximbank agreed to loan $42,170,520.21 in export buyer's credits to National Bank for Foreign Economic Affairs of the Republic of Uzbekistan for the Electric Locomotive Acquisition Project.
The proceeds from this loan were used to support a $47.3 million contract (that was finalized in December 2011) between Uzbekistan Railways SJSRC and a consortium consisting of China National Technical Import & Export Corporation (CNTIC) and CNR Dalian Locomotive and Rolling Stock Co. Ltd (CNR DLRC) for the purchase of 11 electric freight locomotives.
The Government of Uzbekistan provided a sovereign guarantee for this loan.
On February 11, 2014, CNTIC and CNR DLRC delivered the 11 electric freight locomotives to Uzbekiston Temir Yollari State Joint-Stock Railway Company (Uzbekistan Railways SJSRC).
The locomotives were customized for use around Uzbekistan's capital of Tashkent (and on the Marakand-Qarshi-Termez railway line), where temperatures can drop to minus 20 degrees Celsius in winter. The cars can withstand temperatures as low as minus 30 degrees Celsius.
They are produced in line with the Russian gauge of 1,520 mm, featuring high tractive power and environmentally friendly operation with a design speed of 120 km per hour. This is the second locomotive acquisition project in Uzbekistan. The first project is captured in #40070.
Staff Comments
The Russian name of this project is 'Обновление парка локомотивов ГАЖК 'Узбекистон темир йуллари”. There are some sources that suggest the face value of the loan amount may have been revised upward from $42.17 to $42.75 million. We use the more conservative estimate for the time being.
Sources & References
- Uzbekistan
- China sign contract to deliver freight locomotives
- CNR completes delivery of locos to Uzbekistan
- Extending Traffic Flow
- Electric freight locomotives unveiled in Toshkent
- Uzbekistan receives electric locomotives from China
- 张霄大使出席电力机车交接仪式
- 中技—北车大连联合体成功向乌兹别克斯坦交付11台货运电力机车
- 乌兹别克斯坦2017年前将再购买10台中国电气机车, uzbekistan receives electric locomotives from china, Ўзбекистон Республикаси Ташқи иқтисодий фаолият миллий банкининг 2015 йилдаги фаолияти тўғрисида ҲИСОБОТИ
- CNR's cold-resistant locomotives delivered to Uzbekistan
- 中国向乌兹别克斯坦交付首批货运电力机车(图)
- 大型机电项目协调程序, О МЕРАХ ПО РЕАЛИЗАЦИИ ПРОЕКТА 'ОБНОВЛЕНИЕ ПАРКА ЛОКОМОТИВОВ ГАЖК 'УЗБЕКИСТОН ТЕМИР ЙУЛЛАРИ'. ЗАКУПКА 11 СЕКЦИЙ ГРУЗОВЫХ ЭЛЕКТРОВОЗОВ' С УЧАСТИЕМ ЭКСИМБАНКА КИТАЙСКОЙ НАРОДНОЙ РЕСПУБЛИКИ
- Electric freight locomotives unveiled in Toshkent
- CNR completes delivery of locos to Uzbekistan
- 张霄大使出席电力机车交接仪式
- 电力机车出口
- UZBEKISTAN WILL PURCHASE ANOTHER 10 FREIGHT ELECTRIC LOCOMOTIVES IN CHINA
- GAZK LOCOMOTIVE FLEET INCREASED TO 38 NEW ELECTRIC LOCOMOTIVES
- UZBEKISTAN WILL PURCHASE ELECTRIC LOCOMOTIVES FROM CHINESE CNTIC-CNRDLRC 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
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)
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