[Umbrella Project] Chinese Government pledges US$400M in preferential loans for major infrastructure projects

Funder	China (People's Republic of)
Recipient Organization	Indonesia
Country	Indonesia
Start Date	Apr 03, 2002
End Date	Dec 20, 2033
Duration	11,584 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67275`

Grant Description

[Umbrella Project] Chinese Government pledges US$400M in preferential loans for major infrastructure projects On March 25, 2002, Chinese President Jiang Zemin announced that the Chinese government would provide US$400 million in preferential loans to Indonesia for infrastructure projects.

📋 Loan / Grant Terms

⏳ Grace Period7 years

Indonesia plans to use the loans for infrastructure projects including construction of a power plant in Sumatra by the state-owned power company PT Perusahaan Listrik Negara (#34922), a 160 kilometer double-track linking Cirebon in West Java to Kroya in Central Java by the state-owned railway company PT Kereta Api Indonesia (#38862), and the construction of Suramadu Bridge (#34757).

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.