China Eximbank commits $256.41 million for Barapukuria Coal Mine Expansion Project (Linked to Record ID#34237 and #33957)

China Eximbank commits $256.41 million for Barapukuria Coal Mine Expansion Project In 2016, an agreement was signed between the Government of Bangladesh and the Chinese Government to extend the existing underground mining operations of Barapukuria coal mine in order to increase the production capacity of the mine.

China Eximbank pledged $256.41 million in export credit financing for this expansion.

A June 30, 2017 publication by the Government of Bangladesh’s Economic Relations Division suggests that this loan reached the official commitment stage but never disbursed any funding.

The loan is not listed as an active loan in a subsequent publication by the Government of Bangladesh’s Economic Relations Division, so we assume that it was suspended. 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.