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CDB provides $12.58 million loan for a Fastener Production Project in Uzbekistan
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) |
| Country | Uzbekistan |
| Start Date | Jun 23, 2017 |
| End Date | Apr 24, 2027 |
| Duration | 3,592 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 72141 |
Grant Description
CDB provides $12.58 million loan for a Fastener Production Project in Uzbekistan On June 23rd, 2017, China Development Bank and the National Bank for Foreign Economic Affairs of the Republic of Uzbekistan signed a $12.58 million loan agreement for a Fastener Production Project.
The National Bank for Foreign Economic Affairs of the Republic of Uzbekistan used the proceeds from this CDB loan to on-lend to Uzmetkombinat JSC, an Uzbek metal products manufacturer. This project involved the construction of a fastener production complex. The capacity of the new complex will reportedly be 5,000 tons of fasteners per year.
Uzmetkombinat JSC (Uzbekistan Iron and Steel Works) will assemble the production complex with equipment from Sytco A. G., Berkshire Establishment LLP, and INOXIHP.
Staff Comments
- The Russian name of this project is 'Организация производства крепежных деталей для машиностроительной промышленности”.
- 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.
Sources & References
- УЗБЕКИСТАН ЛОКАЛИЗУЕТ КРЕПЕЖНЫЕ ДЕТАЛИ ДЛЯ МАШИНОСТРОЕНИЯ ПОДРОБНЕЕ: HTTPS://WWW.NORMA.UZ/NOVOE_V_ZAKONODATELSTVE/UZBEKISTAN_LOKALIZUET_KREPEJNYE_DETALI_DLYA_MASHINOSTROENIYA#, О МЕРАХ ПО РЕАЛИЗАЦИИ ИНВЕСТИЦИОННОГО ПРОЕКТА 'ОРГАНИЗАЦИЯ ПРОИЗВОДСТВА КРЕПЕЖНЫХ ДЕТАЛЕЙ ДЛЯ МАШИНОСТРОИТЕЛЬНОЙ ПРОМЫШЛЕННОСТИ', Узметкомбинат' запустит новое производство стоимостью свыше $31 млн Читать далее: https://uz.sputniknews.ru/economy/20170624/5685141/uzmetkombinat-zapuskaet-novoe-proizvodstvo.html
- Uzbekistan: Uzmetcombinat to start producing fasteners 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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