Loading grant details…
China Eximbank provides a $43.668 million USD loan to BTA Bank for the construction of South Kazakhstan cement plant
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | BTA Bank JSC (Bank Turan-Alem) |
| Country | Kazakhstan |
| Start Date | Oct 31, 2008 |
| End Date | May 06, 2028 |
| Duration | 7,127 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 40174 |
Grant Description
China Eximbank provides a $43.668 million USD loan to BTA Bank for the construction of South Kazakhstan cement plant On October 31, 2008, the Export-Import Bank of China signed a $43.680 million USD preferential buyer’s credit (PBC) loan agreement with BTA Bank (Turan-Alem Bank) to finance construction of a cement plant in the South Kazakhstan Region.
BTA Bank then used the proceeds of the PBC loan to on-lend to Standard Cement LLP, the company responsible for the cement plant. The plant was to have a production capacity of the plant of 1 million tons of Portland cement per year. It was expected to meet the needs of southern Kazakhstan and export to other Central Asia countries.
The plant used dry process to create cement, an environmentally-friendly process. The project included the construction of a cement production line with a daily capacity of 2,500 tons.
Tianjin Cement Industry Design & Research Institute Co., Ltd. — a unit of Sinoma International Engineering Co., Ltd. — won the contract from Standard Cement for the design and equipment for the cement production line. The project commenced on May 8, 2012. The project was handed over to Standard Cement on June 25, 2013.
After the expiration of the defects notification period, all construction on the project was complete on August 25, 2014.
Sources & References
- DBK and Chinese Eximbank sign Memorandum
- FAC for Kazakhstan Slag Grinding Project of Standard Cement
- Standard Cement Company history
- Bank Turan Alem JSC will be the guarantor of the project financing for the construction of the Kyzyl-Kicement plant
- Cement project strengthens trade co-operation
- BT A Bank (Kazakhstan) and Export-Import bank of China sign cr edit agr eement of financing of construction of cement plant in South Kazakhstan
- BTA Bank to finance Standard Cement new line
- BTA Bank (Kazakhstan) and Export-Import bank of China sign credit agreement of financing of construction of cement plant in South Kazakhstan
- China’s Sinoma unit wins US$55m Kazakhstan cement plant contract 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
BTA Bank JSC (Bank Turan-Alem)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
