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China Development Bank provides $15.5 million loan for the Uzbektelecom Telecommunication Network Reconstruction Project
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Joint-Stock Commercial 'Aloqabank' |
| Country | Uzbekistan |
| Start Date | Jan 23, 2007 |
| End Date | Jul 14, 2026 |
| Duration | 7,112 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 53892 |
Grant Description
China Development Bank provides $15.5 million loan for the Uzbektelecom Telecommunication Network Reconstruction Project In 2007, China Development Bank provided an $15,566,490 loan to Aloqabank for on-lending to Uzbektelecom (a state-owned telecommunications operator). The agreement was signed on January 23, 2007.
Uzbektelecom used the proceeds of this loan to purchase telecommunication equipment from Huawei.
Huawei was the contractor.
The total value of Uzbektelecom's contract with Huawei was $18.313 million, and it included 70 mobile phone base stations installed in 9 regions with a total capacity of 40,000 gates; 36 data transmission systems with a total capacity of 100,000 ports; and 124,000 NGN network devices and 5.56 million ports of C&C08 type digital communication station equipment.
The Uzbektelecom Telecommunication Network Reconstruction Project was completed on September 30, 2008.
Staff Comments
- The Russian name of this project is 'Реконструкция и развитие телекоммуникационной сети акционерной компании 'Узбектелеком”.
- 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
- 通讯设备出口
- Huawei Technologies completes Uzbekistan's CDMA450 mobile telecommunication network transformation project, О ДАЛЬНЕЙШЕМ РАЗВИТИИ И МОДЕРНИЗАЦИИ ТЕЛЕКОММУНИКАЦИОННЫХ СЕТЕЙ АКЦИОНЕРНОЙ КОМПАНИИ 'УЗБЕКТЕЛЕКОМ'
- Aloqabank, О ДАЛЬНЕЙШЕМ РАЗВИТИИ И МОДЕРНИЗАЦИИ ТЕЛЕКОММУНИКАЦИОННЫХ СЕТЕЙ АКЦИОНЕРНОЙ КОМПАНИИ «УЗБЕКТЕЛЕКОМ»
- 国家开发银行
- 乌兹别克斯坦电信企业将利用中国国家开发银行贷款开展业务 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
Joint-Stock Commercial 'Aloqabank'
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