Completed Mixed AidData Chinese Aid

China Development Bank provides $10.6 million export seller’s credit for acquisition of e-education equipment from Huawei (Linked to Record ID#53952)

$10.61M USD

Funder	China Development Bank (CDB)
Recipient Organization	Huawei Technologies Co., Ltd.
Country	Uzbekistan
Start Date	Dec 24, 2012
End Date	Jun 07, 2028
Duration	5,644 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54034`

Grant Description

China Development Bank provides $10.6 million export seller’s credit for acquisition of e-education equipment from Huawei In 2011, China Development Bank provided a $10,608,000 export seller's credit loan to Huawei Technologies Co., Ltd.

Huawei Technologies Co., Ltd., in turn, used the proceeds from the seller's credit facility to issue a $10,608,000 supplier credit (loan) to Uzbektelecom JSC — a state-owned telecommunications company in Uzbekistan — for the purchase of e-education equipment.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: a 2

📅 Maturity2.5 years

💹 Interest Rate2.2%

On December 24th, 2012, China Development Bank provided a $10,608,000 export seller's credit loan to Huawei Technologies Co., Ltd. Huawei Technologies Co.

The proceeds of the loan were to be used by Uzbektelecom JSC to finance a $12.4 million contract with Huawei Technologies Co., Ltd. and thereby link a network of 200 higher education and vocational education institutions through the creation of a fiber optic network.

The e-Education Project commenced in September 2011 and by the end of 2011, Huawei Technologies Co., Ltd. had installed 132.9 km of fiber optic cable, connecting 80 institutions. This project was ultimately completed, but its precise completion date is unknown.

📋 Staff Comments

The Russian project title is 'Создание национальной сети 'Электронное образование' в Республике Узбекистан”. Joint Stock Company Uzbektelecom and Chinese Huawei Technologies Co. Ltd signed a contract worth $12.4 million. The funding was part of an overall loan of US$37.2 million for ICT projects in Uzbekistan (captured in project #53952).

📚 Sources & References

国家开发银行将向乌兹别克斯坦提供3720万美元贷款
China's Huawei Technologies to supply equipment for fiber-optic network in Uzbekistan, Китайцы модернизируют оптоволокно в Узбекистане, О МЕРАХ ПО РЕАЛИЗАЦИИ ИНВЕСТИЦИОННОГО ПРОЕКТА 'СОЗДАНИЕ НАЦИОНАЛЬНОЙ СЕТИ 'ЭЛЕКТРОННОЕ ОБРАЗОВАНИЕ' В РЕСПУБЛИКЕ УЗБЕКИСТАН'
Huawei to supply equipment to Electronic Education network
A Letter to All Staff from the Rotating and Acting CEO
A Letter to All Staff from the Rotating and Acting CEO
Huawei supplies gear for e-education network
China Development Bank to provide US$37.2 million in loan to Uzbekistan 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.