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China Development Bank provides $18 million loan for SSB RT “Amonatbonk” Office Building Construction Project (Linked to Record ID#40488)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | State Savings Bank of Tajikistan (Amonatbonk) |
| Country | Tajikistan |
| Start Date | Jan 01, 2015 |
| End Date | Aug 17, 2030 |
| Duration | 5,707 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 72549 |
Grant Description
China Development Bank provides $18 million loan for SSB RT “Amonatbonk” Office Building Construction Project On September 2, 2015, China Development Bank (CDB) and the State Savings Bank of Tajikistan 'Amonatbonk' (or SSB RT “Amonatbonk”) signed an $18 million preferential loan agreement for the SSB RT “Amonatbonk” Office Building Construction Project.
However, it is known that this project involved the construction of a new office building for SSB RT “Amonatbonk”. In addition to CDB's funding, Amonatbank contributed its own funds to complete the project.
The office building is located at 105 Rudaki Avenue, Dushanbe and it includes 10 floors and two underground floors to park service cars and a warehouse. The expected duration of the construction period was 3-years. The contractor responsible for project implementation was Rohat-Sokhtmon Limited Liability Company.
A foundation stone laying ceremony took place on March 13, 2015, and it was attended by President of Tajikistan Emomali Rahmon. It appears that the construction of the building, which includes a museum, was completed by January 18, 2020.
The project is linked to a $20 million concessional loan pledge from People's Bank of China (as captured via Record ID#40488).
Staff Comments
- The Tajik project title is бинои нави Раёсати БДА ҶТ «Амонатбонк».
- The total cost of the construction reportedly amounted to more than 90 million Tajikistani Somonis (approximately $8 million). The fact that the face value of the loan ($18 million) exceeds the total cost of the project (approximately $8 million) merits further investigation.
Sources & References
Construction of the new building of the GSB headquarters of Amonatbonk has begun, Началось строительство нового здания Головного офиса ГСБ РТ «Амонатбонк», Сохтмони бинои нави БДА ҶТ “Амонатбонк” оғоз гардид., Ташрифи собиқадорони «Амонатбонк» ба бинои нави Раёсати БДА ҶТ «Амонатбонк»., ГОДОВОЙ ОТЧЕТ 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
State Savings Bank of Tajikistan (Amonatbonk)
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