China Eximbank provides $8 million loan for the Reconstruction and Development of Telecommunication Network of JSC Uzbektelecom Project (Linked to Record ID#39956)

China Eximbank provides $8 million loan for the Reconstruction and Development of Telecommunication Network of JSC Uzbektelecom Project On November 11, 2004, China Eximbank signed a General Loan Agreement for a 300 million USD preferential buyer's credit to Uzbekistan (captured in #39956).

On November 11, 2005, China Eximbank signed an individual agreement under the line of credit to provide the Republic of Uzbekistan with $8 million loan for the Reconstruction and Development of Telecommunication Network of JSC Uzbektelecom Project.

The intent of the project is to provide high-quality telephone communications by replacing analogue stations with digital ones. 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.