China Eximbank provides loan for Cement Plant Construction Project (Linked to Umbrella Record ID#58475)

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Pétroleos de Venezuela S.A. (PDVSA)
Country	Venezuela
Start Date	Jul 21, 2014
End Date	Dec 11, 2033
Duration	7,083 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`58479`

Grant Description

China Eximbank provides loan for Cement Plant Construction Project On July 21, 2014, the China Eximbank signed a loan agreement for constructing a new cement plant in Lara state in Venezuela.

📋 Loan / Grant Terms

💰 Loan Amountand its borrowing terms are unknown

It is unclear whether this project ever reached implementation. This project was financed by a $1 billion USD credit line to PDVSA (see Umbrella Record ID#58475).

📚 Sources & References

Orinoco Magna Reserva Year 4
Number 11, december 2014
UPDATE 1-China provides $4 billion to Venezuela in exchange for oil
Venezuela Y China Instalarán Planta De Cemento Para Producir 1,2 Millones De Toneladas Al Año
Greening Development Finance in the Americas 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.