Completed Mixed AidData Chinese Aid

China Eximbank provides $68.7 million preferential buyer's credit for Phase 1 of Railway Equipment Project (Linked to Record ID#39365)

$68.72M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Indonesia
Country	Indonesia
Start Date	Jul 29, 2011
End Date	Jun 20, 2026
Duration	5,440 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`61219`

Grant Description

China Eximbank provides $68.7 million preferential buyer's credit for Phase 1 of Railway Equipment Project On July 29, 2011, China Eximbank and the Government of Indonesia signed a $68,724,795 preferential buyer's credit (PBC) agreement for Phase 1 of the Railway Equipment Project. The borrowing terms of the PBC are unknown.

The agreement went into effect on April 26, 2012 and the loan was fully disbursed.

The purpose of the project was to facilitate the acquisition of railway equipment — specifically, 1,000 km of railway track (type UIC-54) and 100 wesel units (or Pengadaan 1000Km Rel dan 200 Unit Wesel) — for the Directorate General for Railways within the Ministry of Transportation of Indonesia.

China Eximbank also provided a $175 million PBC for Phase 2 of the Railway Equipment Project (captured in Record ID#39365).

📋 Staff Comments

This project is also known as Phase 1 of the Turn Out Project.
The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.

📚 Sources & References

Laporan Perkembangan Pinjaman dan Hibah Triwulan III Tahun 2013
List of Planned Priority External Loans and Grants (DRPPHLN) 2011
LAPORAN PENGELOLAAN PINJAMAN DAN HIBAH PEMERINTAH
List of Chinese Government Loans from the Management Reports for Government Loans and Grants (2011-2018)
PROJECT AND TECHNICAL ASSISTANCE PROPOSALS 2006 - 2009
China Overseas Development Finance 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.