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CDB provides $100 million loan for telecommunications projects (Linked to Record ID#43087 and #54035)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Uztelecom JSC |
| Country | Uzbekistan |
| Start Date | Aug 19, 2014 |
| End Date | Feb 20, 2026 |
| Duration | 4,203 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 40324 |
Grant Description
CDB provides $100 million loan for telecommunications projects In December 2014, China Development Bank agreed in principle to provide a $550 million loan to Uzbektelecom (as captured via Record ID#43087) for the purposes of telecommunication network expansion, developing the CDMA-450 mobile network, and implementation of FTTx fiber technology to Uzbekistan to develop the Uzmobile national GSM-operator.
Through this project, Uzbektelecom planned to install 3,900 base stations and 4,000 sets of radio relay equipment with the license capacity of 8 million numbers. The first phase of the project covered 1,020 of those base stations with the ablility to service 2 million numbers. Aloqabank also provided a $17.6 million loan to support this project.
Huawei Technologies was the contractor responsible for project implementation.
Staff Comments
- One of the projects supported by the $100 million CDB loan was called the CDMA-450 Cellular Network Expansion Project.
- In 2012, China Development Bank financed the CDMA-450 mobile network and FTTx fiber technology through a $27 million loan (captured via Record ID#54035).
- For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.
Sources & References
- China to give 550m dollars to develop Uzbek mobile operator
- China to issue US$550m to Uzbekistan to develop Uzmobile
- China will invest $550 million in the Uzbek national mobile service provider
- Huawei wins contract for Uzmobile network - Huawei
- Huawei Technologies to Supply Equipment to Uzmobile
- Huawei will provide 'Uzbektelecom' equipment for GSM-network
- Uzbekistan's National Communications Corporation uses China Development Bank loan to expand wireless network
- A press conference was held on Implementation of projects aimed at further development of the national telecommunications network was discussed, 100 million CDB Loan to Uzbektelecom AK
- Uzbektelecom to invest $21 million to expand CDMA-450 network
- JSC Uzbektelecom consolidated financial statements 2022 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
Uztelecom JSC
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