Active Development AidData Chinese Aid

China Eximbank pledges RMB 447 million loan for Strategic Road Modernization Project

¥427M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Moldova
Country	Moldova
Start Date	Jan 01, 2012
End Date	Jan 28, 2026
Duration	5,141 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`42381`

Grant Description

China Eximbank pledges RMB 447 million loan for Strategic Road Modernization Project In March 2012, the Government of Moldova approved the opening of the negotiations on an RMB 427 million loan agreement between China Eximbank and the Moldovan Ministry of Transportation. A framework agreement for this project was signed on July 20, 2012.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate2%

At least 50% of the loan proceeds were to be used for the procurement of good and services from China. The project was to be implemented by Sinohydro Corporation Limited.

The Strategic Road Modernization Project involved the modernization 48 km of roads in two segments: a 39 km segment from Chisinau to Basarabeasca via Hincesti and Cimislia and a 9 km segment Chisinau from to Dubosari.

The planned works included the reconstruction of the basic gravel layer, an extension of the roads, asphalting of the upper layer of the roads, construction of a bridge, and rehabilitation of 28 bridges, construction and repair of 116 drainage channels, and other works. The project was to be fully implemented within 2.5-years.

However, it does not appear that a loan agreement with China Eximbank was ever finalized.

📋 Staff Comments

According to the article '' issued by Chinese Ministry of Commerce, the transaction amount of the loan that Chinese government pledged was RMB 427 million.

📚 Sources & References

China Loans Moldova USD 62.4 mn on Road Modernization
Ukraine
Belarus and Moldova and the Chinese economic expansion in Eastern Europe
The Government resumed negotiations with Chinese partners regarding the national road rehabilitation
HOTĂRÎRE Nr. 289 din 07-05-2012
China dă peste 60 milioane dolari pentru drumurile noastre
China planifica sa acorde Moldovei un credit concesional in suma de 62,4 mil.USD (426,6 mil. yuani) pentru realizarea proiectului strategic de modernizare a drumurilor.
China to grant Moldova 60 mln yuan (8.2 mln euro)
China's SINOHYDRO To Carry out $62.4 Mln Infrastructure Project in Moldova
Government borrows money from Export-Import Bank of China to repair roads
Re- Request for List of Loans from Chinese Government Institutions
中国向摩尔多瓦提供优惠贷款政府框架协议签署
Government borrows money from Export-Import Bank of China to repair roads 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.