Loading grant details…
China Eximbank provides $76.4 million loan for Phase 4 (Molodechno-Gudogay Section) of Railway Electrification Project (Linked to Record ID#66722, ID#66977, and ID#66727).
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Belarusian Railway |
| Country | Belarus |
| Start Date | May 10, 2015 |
| End Date | Nov 08, 2029 |
| Duration | 5,296 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 46387 |
Grant Description
China Eximbank provides $76.4 million loan for Phase 4 (Molodechno-Gudogay Section) of Railway Electrification Project On May 10, 2015, China Eximbank and Belarusian Railway — a state-owned railway company in Belarus — signed a $76,398,048 loan agreement for Phase 4 (Molodechno-Gudogay Section) of the Railway Electrification Project.
The Ministry of Transport and Communications of Belarus issued a guarantee in support of the loan.
The proceeds of the loan were used by the borrower to finance approximately 85% of the cost of a $89.9 million commercial contract [№ НОКС/Ю-794] that Belarusian Railway and China National Electric Import & Export Corporation (CUEC) signed on December 6, 2013.
The purpose of the project was to electrify an 84 km railway segment from Molodechno to Gudogay and the Lithuanian border.
Upon completion, it was envisaged that this project would reduce the train travel time from Minsk to Vilnius to two hours and thereby strengthen ties between Belarus and the European Union (via Lithuania). CUEC was the EPC contractor responsible for implementation. Construction began on September 24, 2015 and the project was completed on September 17, 2017.
Staff Comments
- This project is also known as the Electrification of Molodechno-Gudogay-State Border Line Project. The Chinese project title is 马拉杰其诺-古达高依铁路电气化改造项目. The Russian project title is Электрификация участка гос. границы Молодечно-Гудогай or «Электрификация направления Молодечно – Гудогай – госграница».
- China Eximbank also financed Phase 1 (see Project ID#66722) Phase 2 (see Project ID#66727), and Phase 3 (see Project ID#66977).
Sources & References
- Electrification of Molodechno-Gudogay-State Border Line
- Transport investment projects in Belarus
- China to fund more electrification in Belarus
- Ministry of Finance: China grants credits of $3.5 billion
- 火车和铁路电气化_中国电气进出口有限公司
- 通讯：中国电气对白铁路电气化进行改造 助力当地经济发展-新华网, Электрификация железной дороги от Молодечно до Литвы - Kraj.by, Электрификация железной дороги Молодечно-Гудогай-госграница - Kraj.by, Проект по электрификации участка Молодечно - Гудогай - граница Литвы оценивается в $90 млн, Новости региона, Солигорский районный исполнительный комитет, БЖД приступила к электрификации участка Молодечно - Гудогай - госграница Беларуси, БЖД начала электрификацию железной дороги на Вильнюс -, Электрификация = экология + экономия - Белорусская железная дорога, НАЧАЛЬНИК БЕЛОРУССКОЙ ЖЕЛЕЗНОЙ ДОРОГИ ВЛАДИМИР МОРОЗОВ ПРОВЕЛ ВСТРЕЧУ С ПРЕДСЕДАТЕЛЕМ СОВЕТА ДИРЕКТОРОВ ЭКСПОРТНО-ИМПОРТНОГО БАНКА КИТАЯ ХУ СЯОЛИЭН, ПОСТАНОВЛЕНИЕ СОВЕТА МИНИСТРОВ РЕСПУБЛИКИ БЕЛАРУСЬ 4 мая 2009 г. No 572
- China's Overseas Development Finance 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
Belarusian Railway
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
