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China Eximbank provides USD $127.5 million loan for modernization of Mobiuz mobile operator
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | LLC Universal Mobile Systems |
| Country | Uzbekistan |
| Start Date | Jan 01, 2020 |
| End Date | Jun 01, 2031 |
| Duration | 4,169 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 95760 |
Grant Description
China Eximbank provides USD $127.5 million loan for modernization of Mobiuz mobile operator On April 7, 2020, Trend News Agency reported that Universal Mobile Systems (Mobiuz), a mobile phone operating company in Uzbekistan, will modernize and expand their systems with help from a USD $127.5 million loan from China Eximbank.
Most of the money from this loan will be used for the purchasing of machinery and equipment. As a result of this project, 2,114 workplaces will be renovated or created in Uzbekistan. The loan period is 15-years, but more specific information about the loan is unspecified. It is expected that the project will be paid off in 98 months and the investment period is 45 months.
The total value of the project is USD $238.5 million. While China Eximbank is providing USD $127.5 million, USD $111 million is provided through the company’s own funds.
Sources & References
- Uzbekistan to modernize its Mobiuz mobile operator
- Uzbekistan to modernize its Mobiuz mobile operator
- Mobiuz проводит масштабную модернизацию сети мобильной связи
- Mobiuz launched over 5,750 base stations in 2023, На модернизацию и расширение Mobiuz направят $238 млн 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
LLC Universal Mobile Systems
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