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China Eximbank and CDB agree to provide $250 million buyer’s credit loan for Ambulance Acquisition Project
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | State Ukrainian Polytechnic Association (Polytechmed) |
| Country | Ukraine |
| Start Date | Oct 29, 2009 |
| End Date | Aug 25, 2032 |
| Duration | 8,336 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 42497 |
Grant Description
China Eximbank and CDB agree to provide $250 million buyer’s credit loan for Ambulance Acquisition Project On October 29, 2009, the Ukrainian legislature authorized a state-owned company called State Ukrainian Polytechnic Association (Polytechmed) to obtain a $250 million buyer’s credit loan from China Eximbank and China Development Bank.
The Government of Ukraine issued a sovereign guarantee for this loan.
The proceeds of the loan were to be used by the borrower to purchase ambulances from the Chinese state-owned car manufacturer JAC Motors.
Staff Comments
There is no clear evidence that China Eximbank and CDB finalized a loan agreement with Polytechmed.
Sources & References
- Cabinet Of Ministers Authorizes Politekhmed To Obtain State-Guaranteed Loan Of USD 250 Million From Two Chinese Banks
- President Yuschenko Cancels Suspension Of Cabinet's Permission To Politekhmed For Borrowing USD 100 Million From 2 China Banks Under State Guarantee
- Cabinet To Provide Security To China's EUR100-Million Loan For Acquisition Of 1,000 Ambulances
- UPDATE: Cabinet Allows Politekhmed Take USD-100-Million Loan From Two China Banks Under State Security
- About attraction by the state Ukrainian association 'Polytechmed' in 2009 of the foreign credit under the state guarantee for realization of the investment project concerning
- Government authorizes PolyTechMed to borrow $250m for ambulances
- RESOLUTION of October 29, 2009 N 1144 Kyiv, Про внесення змін до постанов Кабінету Міністрів України від 29 жовтня 2009 р. N 1144 і N 1145, П О С Т А Н О В А від 26 листопада 2009 р. N 1256 Київ 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
State Ukrainian Polytechnic Association (Polytechmed)
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