Completed Mixed AidData Chinese Aid

China Eximbank provides preferential buyer’s credit $21.3 million for Sonsgolong Bridge and Bayanzurkh Bridge Construction Project (Linked to Record ID#40435)

$21.38M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Mongolia
Country	Mongolia
Start Date	May 12, 2017
End Date	Nov 04, 2030
Duration	4,924 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`72304`

Grant Description

China Eximbank provides preferential buyer’s credit $21.3 million for Sonsgolong Bridge and Bayanzurkh Bridge Construction Project On November 10, 2015, China Eximbank and the Government of Mongolia signed a general loan agreement regarding the utilization of a $1 billion preferential buyer's credit (PBC) for various projects (as captured in Record ID#49148).

📋 Loan / Grant Terms

💰 Loan Amountagreement

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

Then, on May 12, 2017, China Eximbank and the Government of Mongolia signed a $21,383,428.77 subsidiary loan (PBC) agreement [CHINA EXIMBANK PBC 2017 (17) TOTAL NO. (443)] for the Sonsgolong Bridge and Bayanzurkh Bridge Construction Project. The PBC (loan) went into effect on October 16, 2017.

The proceeds of the PBC were to be used by the borrower to finance 100% of the $21,383,428.77 cost of a (1) commercial contract [UBC-2016-01] between the Capital City Road Department of Mongolia and Beijing Uni-Construction Group Co., Ltd. (BUCC), which was signed on July 18, 2016; and a (2) consulting contract [UBC-2017-2/c] between the Capital City Road Department of Mongolia and Guangzhou Wanan Construction Supervision Co., Ltd, which was signed on April 7, 2017.

The purpose of the project is to construct the 289.4 meter Sonsgolong Bridge over the Tuul River and the 321 meter Bayanzurkh Bridge over the Tuul River.

It also involved (a) the expansion and renovation of a carriageway that is connected to the Sonsgolong Bridge, and (b) the construction of a 3 km one-lane road from Gachuurt junction to the Bayanzurkh toll plaza. BUCC was the contractor responsible for project implementation. Guangzhou Wanan Construction Supervision Co., Ltd was responsible for project supervision.

A groundbreaking ceremony for the Bayanzurkh Bridge (Баянзүрхийн гүүр) took place on June 2, 2017. A groundbreaking ceremony for the Sonsgolong Bridge (Сонсголонгийн гүүр) took place on June 5, 2017.

A project completion ceremony took place on April 25, 2019, and according to a project database (http://project.zasag.mn/) maintained by the Government of Mongolia's National Development Department, the project had achieved a 100% completion rate as of 2020.

📋 Staff Comments

This project is also known as the Construction of a new reinforced concrete bridge over the Tuul River at Bayanzurkh 288 m and Sonsgolong 289.4 m. The Chinese project title is 建设的跨图拉河两座钢筋混凝土桥项目 or 巴音朱日赫桥、桑斯格楞桥 or 跨图拉河钢筋混凝土桥. The Mongolia project title is “Туул гол дээгүүр Баянзүрхийн 321 у/м болон Сонсголонгийн 289.4 у/м төмөрбетон гүүрийг шинээр барих” төсөл.
The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
The PBC (loan) agreement can be accessed in its entirety via https://www.dropbox.com/s/6dmzjstbkw2x0y3/Mongolia%202017%20China%20Eximbank%20Loan%20for%20Construction%20project%20of%20321%20u%3Am%20Bayanzurkhi%20and%20289.4%20u%3Am%20reinforced%20concrete%20bridge%20over%20Tuul%20River.pdf?dl=0.
The commercial contract can be accessed in its entirety via https://www.dropbox.com/s/oq4cuh6ig7jwpab/Commercial%20Contract%20for%20Construction%20project%20of%20321%20u%3Am%20Bayanzurkhi%20and%20289.4%20u%3Am%20reinforced%20concrete%20bridge%20over%20Tuul%20River.pdf?dl=0.

📚 Sources & References

ACTIVITIES OF THE CAPITAL ROAD DEVELOPMENT DEPARTMENT
China Overseas Development Finance
Form of Notice of Effectiveness of Loan Agreement
MAIN CONTRACT of CONSTRUCTION PROJECT of 3 21 m BAYANZURKH AND 289.4m SONSGOLON BRIDGES OVER TUUL RIVER in ULAANBAATAR
Offering Memorandum
RESOLUTION OF THE GOVERNMENT OF MONGOLIA: Projects to be implemented by loan proceeds
USS 21,383,428.77 PREFERENTIAL BUYER'S CREDIT LOAN AGREEMENT Individual Load Agreement on Construction of 321m Bayanzurkh and 289.4m Sonsgolon Bridges over Tuul River in Ulaanbaatar City Project, Баянзүрхийн шинэ гүүрний ажлын гүйцэтгэл 90 гаруй хувьтай байна, ЗЭЭЛИЙН ЕРЕНХИЙ ХЭЛЭЛЦЭЭР, МОНГОЛ УЛСЫН ЗАСГИЙН ГАЗАР, БҮГД НАЙРАМДАХ ХЯТАД АРД УЛСЫН ЗАСГИЙН ГАЗАР ХООРОНДЫН ХАМТЫН АЖИЛЛАГААНЫ ТУХАЙ, МОНГОЛ УЛСЫН ЭРЧИМ ХУЧНИЙ САЙДЫН ТУШААЛ, Сонсголонгийн шинэ гүүрийн хөдөлгөөнийг нээлээ, ТУУЛ ГОЛ ДЭЭГҮҮР БАЯНЗҮРХИЙН 288 У/М БОЛОН СОНСГОЛОНГИЙН 289.4 У/М ТӨМӨР БЕТОН ГҮҮР БАРИХ, Улаанбаатар хотын 4 том гүүр 2020 он гэхэд иж бүрэн шинэчлэгдэж дуусна, ФОТО: Туул гол дээгүүр дөрвөн эгнээтэй, дугуйн замтай гүүр барих шав тавигдлаа, ХЯТАДЫН БУЦАЛТГҮЙ ТУСЛАМЖ БА МОНГОЛЫН ЗЭЭЛСЭН ӨРИЙН ДҮН, Эрчим хучний яамны Шинжлах ухаан, технологийн зевлелийн 2019 оны 11 дугээр: сарын 08-ны едрийн хурлын 01 дугээр тэмдэглэлд
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邢海明大使出席跨图拉河巴音朱日赫桥、桑斯格楞桥项目开工仪式
驻蒙古大使邢海明出席跨图拉河巴音朱日赫桥、桑斯格楞桥项目开工仪式 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.