Completed Development AidData Chinese Aid

China Eximbank provide $10.7 million loan for ICT in Rural Areas Project

$10.72M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)
Country	Uzbekistan
Start Date	Jan 01, 2009
End Date	Jul 10, 2033
Duration	8,956 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`71633`

Grant Description

China Eximbank provide $10.7 million loan for ICT in Rural Areas Project In 2009, the Export-Import Bank of China signed a $10,722,880 loan agreement withthe National Bank for Foreign Economic Activity of Uzbekistan for an ICT in Rural Areas Project.

📋 Loan / Grant Terms

💰 Loan Amountwere as follows: 20 year maturity

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate2.5%

The proceeds of the loan were used to support contracts between Uzbektelecom JSC and Huawei Technologies Co., Ltd and ZTE Corporation.

📋 Staff Comments

The Russian name of this project is 'Развитие информационно-коммуникационной структуры АК 'Узбектелеком' в сельской местности'.
Source ID#161206 suggests this loan was actually two separate loans, worth $6.4 million and $4.4 million, issued by China Eximbank. This issue merits further investigation.

📚 Sources & References

ПЕРЕЧЕНЬ оборудования, материалов и запасных частей, импортируемых в рамках реализации инвестиционного проекта 'Развитие информационно-коммуникационной структуры АК 'Узбектелеком' в сельской местности'
CHINA EXIMBANK LOAN TO UZBEKTELECOM FOR ICT IN RURAL AREAS, Указы и постановления Президента
The state debt of the Republic of Uzbekistan 2020 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

National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

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