[Umbrella Project] Chinese Government pledges US$200M in preferential loans for major infrastructure projects

$200M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Indonesia
Country	Indonesia
Start Date	Jun 29, 2005
End Date	Jan 05, 2029
Duration	8,591 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`72360`

Grant Description

[Umbrella Project] Chinese Government pledges US$200M in preferential loans for major infrastructure projects On June 29, 2005, China agreed to increase its financial aid to Indonesia, adding another US$200 million in loans to finance major infrastructure projects in the country. In March 2002, China had pledged US$400 million for infrastructure projects (see #67275).

The loans from China carry an interest of 3 percent, with a 15-year term and a grace period of seven years.

The new loans would be used to help finance three major infrastructure projects in the country -- the construction of a $94 million, 110-megawatt Parit Baru power plant in West Kalimantan (#34992), the completion of the $169 million Jatigede dam in West Java (#38861), and the completion of a $85 million double-track railway from Cirebon, West Java, to Kroya, Central Java (#38862).

📚 Sources & References

China agrees to add $200m in loans: Jusuf
Cina Tambah Pinjaman US$ 200 Juta untuk Proyek Infrastruktur 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.