Completed Mixed AidData Chinese Aid

China Eximbank provides $17.3 million to supply residential cold and hot water meters

$17.29M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Ipoteka Bank
Country	Uzbekistan
Start Date	Apr 30, 2007
End Date	Aug 08, 2026
Duration	7,040 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`53934`

Grant Description

China Eximbank provides $17.3 million to supply residential cold and hot water meters On April 30, 2007, China Eximbank and Ipoteka Bank signed a $17,293,502.35 preferential buyer's credit (PBC) loan agreement for the procurement of Chinese-produced residential hot and cold water meters.

📋 Loan / Grant Terms

💰 Loan Amountcarried an interest rate of 2%

📅 Maturity20 years

⏳ Grace Period5 years

It is to be repaid semi-annually.

A consortium consisting of China National Machinery Import and Export Corporation and II YAN is the contractor responsible for project implementation.

The consortium was contracted to provide more than 1 million hot and cold water meters to Uzbek public utilities and state local governments, and will be responsible for the installation of water meters. These water meters were to be installed in bungalows and buildings in Tashkent and other states.

📋 Staff Comments

1. The Russian name of the project is «Оснащение жилищного фонда Республики Узбекистан приборами учета холодной и горячей воды».

📚 Sources & References

中国进出口银行
International Financing Reporting Standards Consolidated Financial Statements and Independent Auditors Report
Proposed Multitranche Financing Facility Republic of Uzbekistan: Water Supply and Sanitation Services Investment Program
Ipoteka Bank IFRS Report 2016
COUNTRY PROFILES ON HOUSING AND LAND MANAGEMENT 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.