Completed Mixed AidData Chinese Aid

China Eximbank provides $84.9 million buyer’s credit loan for Electric Train Locomotive (12 Units) Acquisition Project (Linked to Record ID#42199)

$84.99M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	JSC JSSB Belarusbank
Country	Belarus
Start Date	Oct 11, 2010
End Date	Mar 01, 2028
Duration	6,351 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`42319`

Grant Description

China Eximbank provides $84.9 million buyer’s credit loan for Electric Train Locomotive (12 Units) Acquisition Project On October 11, 2010, China Eximbank and the Belarusbank — a state-owned bank in Belarus — signed a $84,986,626.95 buyer’s credit loan agreement for the Electric Train Locomotive (12 Units) Acquisition Project.

The loan was funded through a long-term, $5.7 billion credit line (loan framework agreement) from China Eximbank (captured via Record ID#42199).

📋 Loan / Grant Terms

💰 Loan Amountline carried the following terms: 10-15 year maturities

⏳ Grace Period5 years

📋 Loan / Grant Terms

💰 Loan Amountloan that supported the Electric Train Locomotive (12 Units) Acquisition Project are unknown

The Government of Belarus issued a sovereign guarantee in support of the loan. Belarusbank on-lent the proceeds of the loan to Belarusian Railway (a state-owned railway company).

Belarusian Railway then used the loan proceeds to finance 85% of the cost ($99.792 million) of a commercial contract [№ 10CUEC6B008/T/Ю-676] that it signed with CNR Datong Electric Locomotive Co., Ltd on March 25, 2010. The purpose of this project was to facilitate the acquisition of 12 electric trains locomotives.

CNR Datong Electric Locomotive Co., Ltd was the EPC contractor responsible for implementation. The first 2 electric locomotives arrived in Belarus on May 15, 2012. The second batch of 4 locomotives arrived in Belarus on November 26, 2012. The last of the locomotives arrived on June 4, 2013.

📋 Staff Comments

The Chinese project title is 出口白俄罗斯电力机车项目. The Russian project title is 'Приобретение грузовых электровозов' or «Приобретение грузовых электровозов» Белорусская железная дорога.
This loan is not included in the Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020.
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

Belarus
China Exim Bank sign $1bn loan agreements to finance joint projects, Об утверждении перечня финансируемых за счет внешних государственных займов и внешних займов, привлеченных под гарантии Правительства Республики Беларусь, инвестиционных проектов и предназначенных для реализации таких проектов технологического оборудования и запасных частей к нему, которые при ввозе на территорию Республики Беларусь освобождаются от таможенных пошлин и налога на добавленную стоимость
中国向白俄罗斯出口的12台电力机车成功交付, ДВА ПЕРВЫХ ЭЛЕКТРОВОЗА БКГ-1, ИЗГОТОВЛЕННЫХ ДЛЯ БЕЛОРУССКОЙ ЖЕЛЕЗНОЙ ДОРОГИ В КИТАЕ, ПРИБУДУТ В БЕЛАРУСЬ 15 МАЯ., ПОСТАНОВЛЕНИЕ СОВЕТА МИНИСТРОВ РЕСПУБЛИКИ БЕЛАРУСЬ 4 мая 2009 г. No 572, 'Рамочное соглашение между Правительством Республики Беларусь и Правительством Китайской Народной Республики об активизации двустороннего торгово-экономического сотрудничества'
同车公司出口白俄罗斯机车滚动台试跑最高速达125km/h
China-Belarus No.1 Freight Electric Locomotive with Eight Axles and 9600w
Testing underway of Belarus’ new Chinese locos, Инвестиционная деятельность в Республике Беларусь, Постановление Совета Министров Республики Беларусь от 08.10.2010 № 1464 'О привлечении покупательского кредита Экспортно-импортного банка Китая и предоставлении гарантии Правительства Республики Беларусь в его погашении'
Belarus’ govt secures China Eximbank loan to Belarusian Railway
Belarus signs commercial contracts with China totaling $3.5 bln, Постановление Совета Министров Республики Беларусь от 08.10.2010 N 1464 'О привлечении покупательского кредита Экспортно-импортного банка Китая и предоставлении гарантии Правительства Республики Беларусь в его погашении', Правительство Беларуси предоставит гарантии Эксимбанку Китая в погашении кредитов для БЖД
中国北车再获白俄罗斯大功率电力机车出口订单
China's Overseas Development Finance
WHITE PAPER ON GREEN FINANCE AND SOCIAL RESPONSIBILITY THE EXPORT-IMPORT BANK OF CHINA 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

JSC JSSB Belarusbank

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