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China Eximbank provides $29 million buyer’s credit for Karaj-Mehrshahr Subway Project (Linked to Record ID#41121 and ID#41123)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Central Bank of Iran|Tehran Urban and Suburban Railroad Company |Tejarat Bank |
| Country | Iran |
| Start Date | Jan 22, 2003 |
| End Date | Sep 16, 2033 |
| Duration | 11,195 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 41122 |
Grant Description
China Eximbank provides $29 million buyer’s credit for Karaj-Mehrshahr Subway Project On June 23, 2000, China Eximbank and the Central Bank of Iran signed a $500 million general loan agreement.
Then, on January 22, 2003, China Eximbank, Tejarat Bank, and Tehran Urban and Suburban Railway Company (TUSRC) signed a $29 million subsidiary buyer’s credit loan agreement for the Karaj-Mehrshahr Subway Project.
The borrower agreed to repay the lender in 17 semi-annual installments. The purpose of the project was to complete a subway line between Karaj Metro Station and Golshahr Metro Station. Karaj Metro Station is a station in Tehran Metro Line 5. It is located in southeastern Karaj near Tehran-Qazvin Freeway.
It is between Atmosfer Metro Station and Mahdasht Metro Station. The station is 1.8 km (1.1 mi) north of Karaj railway Station, which serves Tehran Commuter Railway. Golshahr Metro Station is the former western end of Tehran Metro Line 5. It is located in Mehrshahr in southwest of Karaj.
China North Industries Group Corporation Limited (NORINCO Group) was the contractor responsible for project implementation. The Karaj-Mehrshahr Subway Project was completed on March 15, 2005
Staff Comments
- 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.
- The Persian project title is پروژه کرج - مهرشهر or خرید تجهیزات پروژه کرج - مهرشهر.
Sources & References
- China to help Iran build fourth line of Tehran metro.
- China to finance new Tehran subway line
- 北方国际德黑兰地铁项目启动
- 伊朗中资企业与中伊关系
- China to help Tehran build metro, توافقنامه توسعه تجهیزات راه آهن شهری تهران میان چین و ایران امضا شد, facilities Metro build should Tehran says ambassador Chinese
- Iranian
- Chinese Experts Review Construction of Subway
- China to invest $100 million in Karaj Metro / Big increase in import from EU / 34% of OIIC's shares ceded to public, امضای توافقنامه اگزیم بانک چین و بانک تجارت
- 中国北方工业公司承建的伊朗德黑兰地铁5号线客运段全线竣工 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
Central Bank of Iran|Tehran Urban and Suburban Railroad Company |Tejarat Bank
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