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Bank of China provides $1.8 million buyer’s credit loan for Qeshm Cement Factory Construction Project
| Funder | Bank of China (BOC) |
|---|---|
| Recipient Organization | Qeshm Cement Company |
| Country | Iran |
| Start Date | Jan 01, 2005 |
| End Date | May 15, 2026 |
| Duration | 7,804 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 85277 |
Grant Description
Bank of China provides $1.8 million buyer’s credit loan for Qeshm Cement Factory Construction Project In 2005, Bank of China issued a buyer’s credit loan worth $1,871,683.61 for the Qeshm Cement Factory Construction Project.
The purpose of the project was to construct a cement factory at the 7th km of Dargahan-Ramkan Road on the Island of Qeshm. The project was undertaken in two phases.
The first phase was undertaken in 2000 and it involved the installation of a cement mill with the capacity to produce 350 tons of cement per day.
The second phase, which involved the construction of a cement factory capable of producing 900 tons of cement per day, was completed in early 2005 and it began operations later that year.
Staff Comments
- The Chinese project title is 伊朗QESHM水泥厂项目. The Persian project title is کارخانه سیمان قشم.
- The borrower of the loan may have been Qeshm Cement Company, but this issue requires further investigation.
- The loan commitment year is uncertain. It is currently set to 2005 because that is the year when Bank of China disclosed the loan.
Sources & References
- 海外项目提产总包及改造工程_蓝天众成环保工程有限公司-官方网站
- 伊朗水泥工业发展情况
- About Us – Qeshm Cement Company
- Qeshm Cement Company
- Iran - Company Profile
- 中国银行出口买方卖方信贷业务的特点和优势 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
Qeshm Cement Company
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