Completed Development AidData Chinese Aid

China Eximbank provides EUR 65.7 million loan for Phase 3 (Zhlobin-Kalinkovichi Section) of Railway Electrification Project (Linked to Record ID#66722, ID#66727, and ID#46387)

€65.7M EUR

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Belarusian Railway
Country	Belarus
Start Date	Apr 25, 2019
End Date	May 03, 2027
Duration	2,930 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66977`

Grant Description

China Eximbank provides EUR 65.7 million loan for Phase 3 (Zhlobin-Kalinkovichi Section) of Railway Electrification Project On April 25, 2019, China Eximbank and Belarusian Railway signed an EUR 65.7 million loan agreement for Phase 3 (Zhlobin-Kalinkovichi Section) of the Railway Electrification Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

However, it is known that the borrower pledged the cash balance in an escrow account as a formal security interest (through an account pledge agreement). Belarusbank served as the guarantor for the loan.

The proceeds of the loan are to be used by the borrower to finance 85% of the cost of an EUR 77.3 million commercial contract between Belarusian Railway and China National Electric Import & Export Corporation (CUEC).

The purpose of the project was to electrify a 141 km railway segment from Zhlobin to Kalinkovichi (also known as (also known as Žlobin to Kalinkavičy or Zhlobin to Kalinkovichi). China National Electric Import & Export Corporation (CUEC) was the EPC contractor responsible for implementation. Construction began in 2018 and the project was originally expected to reach completion by November 2020.

However, this project has encountered implementation delays. It is now scheduled for completion in 2022.

📋 Staff Comments

This project is also known as Third Stage of the Electrification of Gomel-Zhlobin-Osipovichi and Zhlobin-Kalinkovichi Project, the Third Stage of the Electric Locomotive and Railway Electrification Project, and the Electrification of the Zhlobin-Kalinkovichi Section Project. The Russian project title is Электрификация участка Жлобин-Калинковичи or проекта «Электрификация участков Гомель—Жлобин—Осиповичи и Жлобин—Калинковичи 3-я очередь. Участок Жлобин—Калинковичи». The Chinese project title is 日洛宾到卡琳科维奇四段铁路电气化改造项目.
This China Eximbank loan is not included in the China’s Overseas Development Finance Dataset that Boston University's Global Development Policy Center published in December 2020.
China Eximbank also financed Phase 1 (see Project ID#66722), Phase 2 (see Project ID#66727), and Phase 4 (see Project ID#46387).
Arzinger Law Offices advised Belarusian Railway regarding the loan and account pledge agreements with the Export-Import Bank of China. See https://ceelegalmatters.com/Magazines/ISSUE_CEELM_8.4_free.pdf

📚 Sources & References

Belarusian Railways
Exim Bank of China sign €65.7m loan agreement, Китай кредитует модернизацию белорусских железных дорог Подробности: https://regnum.ru/news/economy/2619693.html Любое использование материалов допускается только при наличии гиперссылки на ИА REGNUM., Инвестиции в инфраструктуру, 100 млн евро для развития экономики: руководство «Беларусбанка» принимает участие в II Форуме «Пояс и путь» в Пекине
火车和铁路电气化_中国电气进出口有限公司, Об уточнении отдельных показателей республиканского бюджета на 2018 год
Electrification of the Zhlobin - Kalinkovichi Section
Reconnecting Asia
中国进出口银行2015年年度报告, Об утверждении перечня финансируемых за счет внешних государственных займов и внешних займов, привлеченных под гарантии Правительства Республики Беларусь, инвестиционных проектов и предназначенных для реализации таких проектов технологического оборудования и запасных частей к нему, которые при ввозе на территорию Республики Беларусь освобождаются от таможенных пошлин и налога на добавленную стоимость, НАЧАЛЬНИК БЕЛОРУССКОЙ ЖЕЛЕЗНОЙ ДОРОГИ ВЛАДИМИР МОРОЗОВ ПОДПИСАЛ В ПЕКИНЕ КРЕДИТНОЕ СОГЛАШЕНИЕ
Export-Import Bank on the 'Belt and Road', На участке Светлогорск-на-Березине - Калинковичи был проведен пробный пуск электровоза Источник: http://gp.by © Правда Гомель, Белорусская железная дорога завершила электрификацию участка Жлобин-Подольский-Светлогорск-на-Березине, Расширяя горизонты, 27.12.2021 СОСТОЯЛОСЬ ОТКРЫТИЕ ДВИЖЕНИЯ ПОЕЗДОВ НА ЭЛЕКТРОВОЗНОЙ ТЯГЕ НА УЧАСТКЕ КАЛИНКОВИЧИ–СВЕТЛОГОРСК–ЖЛОБИН, Г. КАЛИНКОВИЧИ, 27 ДЕКАБРЯ 2021 ГОДА БЕЛОРУССКАЯ ЖЕЛЕЗНАЯ ДОРОГА ОТКРЫЛА РЕГУЛЯРНОЕ ДВИЖЕНИЕ ЭЛЕКТРОПОЕЗДОВ НА УЧАСТКЕ КАЛИНКОВИЧИ – СВЕТЛОГОРСК – ЖЛОБИН, ВИДЕОНОВОСТИ БЕЛОРУССКОЙ ЖЕЛЕЗНОЙ ДОРОГИ, ДЕКАБРЬ 2021 (142 ВЫПУСК)
On the signing of loan agreement between China Exim Bank and Belarusian Railway 2019-4-27
Belarusian railway, warhead
The electrification of the Zhlobin-Kalinkovichi-Barbarov section will be completed by the end of 2021
CEELM Index - Year 8
Issue 4 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.