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Completed Development AidData Chinese Aid

CDB provides $8.7 million loan for Osh-Irkeshtam Fiber Optic Network Construction Project (Linked to Record ID#70881, #70884, #70886, and #70889)

$8.7M USD

Funder China Development Bank (CDB)
Recipient Organization KyrgyzTelecom
Country Kyrgyz Republic
Start Date Sep 28, 2009
End Date Jan 25, 2028
Duration 6,693 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 70878
Grant Description

CDB provides $8.7 million loan for Osh-Irkeshtam Fiber Optic Network Construction Project On September 28, 2009, China Development Bank (CDB) signed a $8,700,000 loan agreement with KyrgyzTelecom. This loan was intended to be used for the Osh Irkeshtam Fiber Optic Network Construction Project.

📋 Loan / Grant Terms
💰 Loan Amountcarried the following borrowing terms: a 8-year maturity
📅 Maturity8 years

Its principal amount outstanding was $2,174,756.60 as of January 1, 2016.

📋 Staff Comments
  1. For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.
  2. Project status was coded as completion because all Chinese financing was disbursed.
  3. The Russian project title is Проект «Цифровое будущее. Фаза «Региональные сети» «Строительство ВОЛС «Ош – Иркештам».
  4. According to 2010, 2011, and 2012 KyrgyzTelecom Financial Reports, the actual amount received from the loan was $8,699,026.3.
  5. This project is linked to a $4.9 million CDB loan to KyrgyzTelecom in February 2011 for this project (see linked project ID#70881), a $4 million CDB loan to KyrgyzTelecom in June 2011 (see linked project ID#70884), a $2 million CDB loan to KyrgyzTelecom in September 2012 (see linked project ID#70886), and a $2.2 million CDB loan to KyrgyzTelecom in October 2012 (see linked project ID#70889).
📚 Sources & References
  • KyrgyzTelecom Financial Report 2015
  • KyrgyzTelecom Financial Report 2012
  • KyrgyzTelecom Financial Report 2011
  • KyrgyzTelecom Financial Report 2010 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.
All Grantees

KyrgyzTelecom

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