Completed Development AidData Chinese Aid

China Eximbank provides $6 million loan for rehabilitation of Gulbakhor pumping station in Andijan oblast

$5.76M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)
Country	Uzbekistan
Start Date	Oct 02, 2008
End Date	Feb 28, 2032
Duration	8,549 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54516`

Grant Description

China Eximbank provides $6 million loan for rehabilitation of Gulbakhor pumping station in Andijan oblast On October 2, 2008, China Eximbank and the National Bank for Foreign Economic Activity of Uzbekistan signed a $5,759,830 loan agreement for the rehabilitation of Gulbakhor pumping station in Andijan oblast.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 20 year maturity

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate2%

The National Bank for Foreign Economic Activity of Uzbekistan use the proceeds of this loan to on-lend to an unidentified entity at a 2.2% interest rate. China National Electric Equipment Corporation (CNEEC) was the contractor responsible for project implementation. This project was reportedly completed in 2010.

📋 Staff Comments

1. The Russian name of this project is «Реконструкция насосной станции «Гульбахор 1К».

📚 Sources & References

Republic of Uzbekistan : Poverty Reduction Strategy Paper, Ўзбекистон Республикаси Ташқи иқтисодий фаолият миллий банкининг 2015 йилдаги фаолияти тўғрисида ҲИСОБОТИ
Ulugnor District - Google Maps
News: June 2006
ON MEASURES FOR THE IMPLEMENTATION OF THE INVESTMENT PROJECT 'RECONSTRUCTION OF THE PUMPING STATION' GULBAKHOR 1K 'IN THE ANDIJAN REGION' 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.