Active Mixed AidData Chinese Aid

China Eximbank pledges $57 million preferential buyer’s credit for Tuul and Selbe River Improvement Project (Linked to Record ID#49148)

$57M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Mongolia
Country	Mongolia
Start Date	Jan 01, 2018
End Date	Dec 02, 2032
Duration	5,449 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66275`

Grant Description

China Eximbank pledges $57 million preferential buyer’s credit for Tuul and Selbe River Improvement Project On November 10, 2015, China Eximbank and the Government of Mongolia signed a general loan agreement regarding the utilization of a $1 billion preferential buyer's credit (PBC) for various projects (as captured in Record ID#49148).

📋 Loan / Grant Terms

💰 Loan Amountagreement

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

Then, in September 2018, the Government of Mongolia identified the Tuul and Selbe River Improvement Project as a candidate for a $57 million subsidiary loan (PBC).

The purpose of this project is to create a healthy and safe environment for Ulaanbaatar's citizens along the Selbe and Tuul River.

It involves the construction of a 9 km bike path and sidewalk along the river and an 8.5 km recreational area from Sun Road to the north to the Dambadarjaa Bridge.

AidData has not identified any evidence of an EPC contract or a subsidiary loan agreement being signed for this project.

In April 2021, China’s Ambassador to Mongolia announced that the Tuul and Selbe River Improvement Project would be implemented in the ‘coming years’.

📋 Staff Comments

This project is also known as the Tuul and Selbe River Project, the Selbe River Improvement Project, the Tuul and Selbe River Improvement Project, and the Green street and Bikeway project along the Tuul and Selbe River Project. The Mongolian project title is Сэлбэ гол орчмыг сайжруулах төсөл.

📚 Sources & References

БНХАУ-ын нэг тэрбум ам.долларын зээлээр хэрэгжүүлэх төслийн жагсаалтыг баталлаа, монгол, ЖАГСААЛТ: БНХАУ-ын нэг тэрбум ам.долларын зээлээр хэрэгжүүлэх бүтээн байгуулалтууд, ХЯТАДЫН БУЦАЛТГҮЙ ТУСЛАМЖ БА МОНГОЛЫН ЗЭЭЛСЭН ӨРИЙН ДҮН
TUUL SELBE RIVER IMPROVEMENT
Mонгол Улсаас БНХАУ-д суугаа Онц бөгөөд Бүрэн эрхт Элчин сайд Т.Бадралтай цар тахлын үеийн Монгол, Хятадын харилцааны өрнөлийн талаар ярилцлаа., “Туул, Сэлбэ голын орчныг сэргээн сайжруулах” ТЭЗҮ, зураг төсөл
DEVELOPMENT COOPERATION BETWEEN THE GOVERNMENT OF MONGOLIA AND THE GOVERNMENT OF PEOPLE’S REPUBLIC OF CHINA, ЗАСГИЙН ГАЗРЫН ГАДААДЫН ЗЭЭЛ, ТУСЛАМЖИЙН ХӨРӨНГӨӨР 2018 ОНЫ ТӨСВИЙН ЖИЛД ХЭРЭГЖҮҮЛЭХЭЭР ТӨЛӨВЛӨЖ БУЙ ТӨСӨЛ, АРГА ХЭМЖЭЭ, ЗАСГИЙН ГАЗРЫН ГАДААДЫН ЗЭЭЛ, ТУСЛАМЖИЙН ХӨРӨНГӨӨР 2019 ОНЫ ТӨСВИЙН ЖИЛД ХЭРЭГЖҮҮЛЭХЭЭР ТӨЛӨВЛӨСӨН ТӨСӨЛ, АРГА ХЭМЖЭЭ, БНХАУ-ын зээлээр нүхэн гарц барина 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.