China Eximbank provides $50.54 million preferential buyer’s credit for Third Stage (Chormagzak Tunnel) of Phase 1 of the Dushanbe-Dangara Road Reconstruction Project (Linked to Record ID #53750, #40063

📋 Staff Comments

1. The Chormagzak Tunnel is now known as the Khatlon Tunnel.
2. This project is linked to the China Eximbank-financed First Stage and China Eximbank-financed Second Stage of Phase 1 of the Dushanbe-Dangara Road Reconstruction Project (see Record ID#40063, #53750). China Eximbank reportedly provided $243.4 million of debt financing in total for all three stages of Phase 1.
3. The Russian project title for Stage 3 of Phase 1 is Реабилитация третьего этапа фазы I автомобильной дороги «Душанбе-Кульма». The Chinese project title is 塔中公路一期(杜尚别—丹卡拉段)道路修复改造项目.
4. The China Eximbank PBC (loan) agreement can be accessed in its entirety via http://portali-huquqi.tj/publicadliya/view_qonunhoview.php?showdetail=&asosi_id=13962 and https://www.dropbox.com/scl/fi/bny36nlsb4miqbucamdyy/Tajikistan-2012-China-Eximbank-PBC-for-Third-Stage-Chormagzak-Tunnel-of-Phase-1-of-the-Dushanbe-Dangara-Road-Reconstruction-Project-Russian.pdf?rlkey=7od8u7se8nuutcdkica52wpt1&dl=0 and https://www.dropbox.com/scl/fi/bdtxzjfykl4fsi5we8kq5/Tajikistan-2012-China-Eximbank-PBC-for-Third-Stage-Chormagzak-Tunnel-of-Phase-1-of-the-Dushanbe-Dangara-Road-Reconstruction-Project-English.pdf?rlkey=d2vwr0o2l08udzs3e6pevs6gq&dl=05. The loan's maturity (19.6-years) and grace period (8.6-years) are drawn from the World Bank's International Debt Statistics. See https://www.dropbox.com/scl/fi/xcffgcc5mm4hg49i9u7di/February-2025-IDS-Extraction-Tajikistan-s-Official-Sector-PRC-Borrowings-and-Borrowing-Terms.xlsx?rlkey=cq2kfom6b7ajq6njzram1q1sa&dl=0

📚 Sources & References

• 'Eximbank' to Provide Over $ 50 million for Continuing Reconstruction of Dushanbe-Kulma Road
• ADB DEVELOPMENT COORDINATION
• China to provide $188 for infrastructure projects in Tajikistan
• China's Exim Bank to lend Tajikistan $50 mln to upgrade road to border
• Chinese Eximbank to allocate more than $50mln preferential credit to Tajikistan
• Construction of Chormaghzak tunnel expected to officially commence today
• CRBC granted contract of rehabilitation road linking Dushanbe and Uzbek border
• Data Collection Survey On a Road Between Dushanbe and Kurgan-Tyube in the Republic of Tajikistan Final Report
• DEVELOPMENT COORDINATION
• Dushanbe-Kulma highway rehabilitation reconstruction project (Tajikistan-China border) in Dushanbe-Dangara section
• Emomali Rahmon received Vice-President of 'EximBank' China
• Eximbank of China to provide over $50 million loan to Tajikistan for reconstruction of road
• Following Up
• Investment Opportunities in Tajikistan
• List of Chinese Government-Financed Projects in Tajikistan from the Ministry of Finance via the IMF May 2018
• Meeting with the First Vice President of Export-Import Bank of the People’s Republic of China Zhu Hongjie
• Preferential Credit Agreement between the Government of the Republic of Tajikistan and the Export-Import Bank of the People's Republic of China
• President of Tajikistan Attends the Inaugural ceremony of the Chormaghzak Tunnel
• Road Projects in Tajikistan Impact Its Strategic Geography
• Tajikistan 2012 China Eximbank PBC for Third Stage (Chormagzak Tunnel) of Phase 1 of the Dushanbe-Dangara Road Reconstruction Project English
• Tajikistan 2012 China Eximbank PBC for Third Stage (Chormagzak Tunnel) of Phase 1 of the Dushanbe-Dangara Road Reconstruction Project Russian
• Tajikistan gets Chinese loan for road reconstruction
• Tajikistan negotiates financing of tunnel construction with China’s bank
• Tajikistan Policy Notes on Public Expenditures
• THE GOVERNMENT MEDIUM - TERM EXPENDITURE FRAMEWORK FOR 2011- 2013
• Tunnel 'Khatlon' will be closed again, О проекте Льготного кредитного соглашения между Правительством Республики Таджикистан и Экспортноимпортным банком Китайской Народной Республики по реабилитации третьего этапа первой фазы автомобильной дороги Душанбе-Кульма, участок Душанбе-Дангара, Отчет о состоянии государственного долга на 2015 год, Парламент Таджикистана ратифицировал два кредитных соглашения с Китаем и Францией Подробнее, Постановление Правительства Республики Таджикистан от 30 мая 2012 года, № 252 'О проекте Льготного кредитного соглашения между Правительством Республики Таджикистан и Экспортно-импортным банком Китайской Народной Республики по реабилитации третьего этапа первой фазы автомобильной дороги Душанбе-Кульма, участок Душанбе-Дангара', Пресс-релизы : Китайский Эксимбанк выделит Таджикистану свыше 50 млн. долларов льготного кредита., Реабилитация автодороги Душанбе-Кульма, участок Душанбе-Дангара, фаза 1, 2, 3, со строительством тоннеля Чормагзак, Участие в церемонии открытия туннеля Чормагзак
• 中国驻塔吉克斯坦大使向正在施工之中的建设者祝贺新年
• 塔吉克斯坦 （2019年版) 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.