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Government Concessional Loan &


Preferential Buyer’s Credit Brochure

No. 30 Fuxingmennei Street, Xicheng District, Beijing, China 100031


THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

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THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

The Export-Import Bank of China is a state-funded and state-owned


policy bank directly under the State Council. With the status of an
independent legal entity, the Bank is dedicated tosupporting China’s
foreign trade, investment and international economic cooperation.
With the Chinese government’s credit support, the Bank plays a
crucial role in promoting steady economic growth and structural
adjustment, supporting foreign trade, and implementing the “going
global” strategy. It is committed to reinforcing financial support to
key sectors and weak links in the Chinese economy to ensure
sustainable and healthy economic and social development. At
present, the Bank has over 30 domestic branches and one
representative office in Hong Kong, four overseas institutions,
namely, the Paris Branch, Representative Office for Southern and
Eastern Africa, Representative Office for Northern and Western
Africa,and St. Petersburg Representative Office.

The Bank’s main mission is to facilitate national development


THE EXPORT-IMPORT BANK OF CHINA
strategies, and build a policy bank which has clear-cut market
positioning, well-defined business portfolio, unique functions,
sufficient capital, good governance, strict internal control, safe
operation, high quality service and sustainable development
capability. Its financial support goes to foreign trade, cross- border
investment, the Belt and Road Initiative, international industrial
capacity and equipment manufacturing cooperation, science and
technology, cultural industry, “going global” endeavors of small
and medium enterprises, and the buildingof an open economy.

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01 02
Improve economic Strengthen bilateral
developmentfoundation relations andpromote
of other developing economic cooperation
countries andtrade

03 04
Improve Serve local people’s
infrastructure livelihood and
and investment raise their living
environment standards

China – Maldives Friendship Bridge Project in Maldives


THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

After 23 years of development, the Export-Import Bank of China has grown into an official export credit
Message from the agency with substantial international influence. Guided by the vision of “innovative, coordinated,
green, open and shared development”, we are dedicated to facilitating export and import, enhancing
Chairman offshore project contracting and overseas investment, and supporting international economic
cooperation. By doing so, we aim to enhance China’s trade, financial, investment and industrial cooperation
with other countries, developing countries in particular.

In carrying out cooperation with other countries, we fully respect the development strategies of each host
country, try to expand common interests with other developing countries and focus onaligning our business
with the development goals and strategies of our partner countries.

We operate according to market rules, focus on the feasibility and financial return of each project, and
provide diversified financial products to different countries and projects. And we encourage Chinese
enterprises to make their own investment into the projects apart from borrowing from the bank and get
involved in the operation of the projects so as to ensure sustainable economic development of the host
countries.

In carrying out cooperation, we always follow the philosophy of green and sustainable development.
When analyzing if the projects are sustainable, we also look at the environmentalprotection targets so that
the development potentials of the host countries are enhanced and the environment is well protected at the
same time.

Going forward, we will continue to be guided by the vision of “innovative, coordinated, green, open and
shared development” and partner with other developing countries to play a bigger and more active role
in infrastructure development, connectivity, international industrial capacity cooperation, regional trade and
market integration.

Hu Xiaolian
Chairman

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THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

The only bank designated by the


Chinese Government to implementthe
Chinese GCL and PBC

International An official
credit ratings export
the same credit agency
as China’s with
sovereign substantial
ratings international
influence

Quality and efficient services

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THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

The Chinese Government Concessional Loan (GCL) and Preferential Buyer’s Credit (PBC) are
Message from the preferential loan facilities provided by the Chinese Government to other developing countries. The Export-
Import Bank of China is the only bank designated by the Chinese Government to implement the two
President facilities. Facts have shown that the two preferential facilities have played an important role in promoting
economic development of other developing countries.

First, the two facilities are aimed at enhancing the self-development capacity of other developing countries.
When helping them build roads, bridges, ports and power stations, we bear in mind the strategic plans and
actual needs of each borrowing country so that the self-development capacity is significantly strengthened
with improved infrastructure and investment environment.

Second, the two facilities are aimed at improving people’s livelihood in other developing countries. When
helping them build roads, power plants, water wells and irrigation systems, we endeavor to improve the
quality of their public service and reduce poverty to make sure that the local people can benefit from the
projects.

Third, the two facilities are aimed at helping other developing countries realize more efficient,
harmonious and sustainable economic growth and social development. Following the philosophy of green
development, we financed power stations with total installation of 16 gigawatts, most of which are green
and new energy power stations, including hydropower, wind power, nuclearpower, photovoltaic, geothermal
energy and biomass energy.

Fourth, the two facilities are aimed at enhancing the soft power of other developing countries. While
providing funds, we also provide knowledge and expertise, encourage Chinese enterprises to make
investment into the projects, and get local enterprises more involved in such projects. By doing so, the host
countries can benefit more from China’s technology and expertise.

Looking ahead to the future, China will build on the achievements made in conducting cooperationwith other
developing countries and expand common interests with them. We in the future will work with a
stronger sense of mission and responsibility and make best use of the two preferential facilities to contribute
more to South-South Cooperation.

Liu Liange
Vice Chairman, President

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THE EXPORT-IMPORT
THE EXPORT-IMPORTBANK
BANKOF
OF CHINA
CHINA
GCL
GCL &
& PBC Brochure
PBC Brochure

Organizational Structure General Office

Financial Management and


Accounting Department

Overseas Branch Corporate Business Department


and Representative
Offices
Transport Financing Department

Chairman, Railway and Electric Power


Domestic Branches Financing Department
President

Concessional Loan Department

Board of Directors Departments at the On-lending Department


Head Office

Treasury Department

Board of
Supervisors Trade Finance Department

Investment Management
Department

Strategic Planning Department

Auditing Department

Evaluation Department Internal Control and Compliance


Department

Risk Management Department Human Resources Department

Credit Management Department International Department


Departments on the
operational line
of GCL and PBC Legal Affairs Department Information Technology Department
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Operation Department Asset and Liability Management


Department
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THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

Organizational Structure of the Concessional Loan Department

General Manager and


Deputy General
Managers

Sub-Department I Sub-Department II Sub-Department III

Divisions 1, 2, 3 and 4 Divisions 5, 6, 7 and 8 Divisions 9, 10, 11, 12 and 13

Latin America, Central Asia,


ASEAN, South Asia, South Pacific West Asia , Europe Africa

Risk Management Planning Management General Management


Division Division Trade Finance Division Division

c o u n t r y - s p e c i f i c ri s k b us in e ss d e ve lo pm en t providing trade finance archive and docu ment, and


research, project evaluation, planning, policy research, services to loan-related administration.
disbursement verification, s t a t i s t i c s an d m a r k e t clients.
asset quality management,legal operation analysis.
consultation.

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THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

Milestones 2002, a preferential loan of


USD400 million was
March 1999, the Bank’s first announced during Chinese
overseas representative State le a d e r ’ s visit to
office, the Representative Indonesia. The facility
April 26, 1994, The Export- Office for Southern and was then officially named
Import Bank of China was Eastern Africa was officially Preferential Buyer’s Credit.
founded. inaugurated.

1994 1999 2002

1995 2001

December 1995, the first 2001, the first batch of


GC L A g r e e m e n t wa s export buyer’s credit with
signed. preferential conditions was
announced during Chinese
state leader’s visit to Iran.
THEEXPORT-IMPORT
THE EXPORT-IMPORT BANK
BANK OF
OF CHINA
GCL&&PBC
GCL PBC Brochure
Brochure

2012, the Bank successfully


hosted the First China-
2015, the People’s Bank of China
Africa Financial Cooperation
injected USD45 billion of capital
Forum in Beijing.
into the Bank.

USD45 billion

2012 2015

2006 2013 2016


RMB3 trillion
2016, the Bank’s total assets
exceeded RMB3 trillion.
20 06 , t he f unc tio n of 2013, the Bank ’ s f i rst
the Concessional Loan ov er se as br an ch : th e
Department of the Bank Paris Branch was officially
was adjusted to solely opened.
implement GCL and PBC.
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THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

Introduction to
GCL and PBC
The Chinese Government Concessional Loan
(GCL) and Preferential Buyer’s Credit (PBC) are
preferential loan facilities provided by the
Chinese Government to governments of
developing countries.

GCL: Official aid with grant element, denominated in


Renminbi, low interest rate, long-term, financing ratio
up to 100% of commercial contract amount.

PBC: Certain preferential terms, denominated in US


dollar, low interest rate, long-term, financingratio up
to 85% of commercial contract amount.

09 Maputo Ka Tembe Bridge and Related Link Roads Project in Mozambique


THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

Since 1995, the two facilities have been supporting Chinese products and services to expand market access to developing countries, with total loan volume growing
year on year. The loans have effectively alleviated the funding shortages of borrowing countries, and have substantially lifted thelevel of economic cooperation
among developing countries.

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THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

97
GCL and PBC hav e
provided financial support
for more than 1,000
projects in 97 countriesin
the world.

2.5billion
GCL and PBC hav e
benefited a total
population of 2.5 billion,
accounting for 34% of the
world’s total.

44million 71%
Territorial area of 97 Of the 48 least developed countries
borrowing countries has announced by the United Nations in
exceeded 44 million 2015, GCL and PBC have benefited 34,
square kilometers. accounting for 71% of the 48 least
developed countries.

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THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

Coverage Countries

Loan Distribution by Region

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GCL & PBC Brochure

Loan Distribution by Sectors Transportation

26.43% 9.97%
Electric power
Telecommunications road

tunnel railway
6.43%
Industry

4.15%
Urban infrastructure

3.31% bridge
Social welfare harbor

2.05%
Energy

44.67% underground
1.86%
Transportation and lightrail airport
Agriculture, Forestry,
Animal Husbandry
1.13% and Fishery transportation
Other equipment
Industries

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THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

Electric power

hydropower

power
transmission

thermal
power
Others

Bui Hydroelectric Project in Ghana

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Achievements
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Loan Application and Sample Projects

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Vinh Tan 2 Thermal Power Plant Project in Vietnam
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Terms and conditions

Terms and Conditions

Chinese Government Concessional Loan Preferential Buyer’s Credit

Maturity Medium to long-term, including grace period and repayment period

Grace period Only interest shall be paid

Repayment period Both principal and interest shall be paid, and the principal shall be repaid semi-annually in equal
installments

Currency Renminbi Yuan US Dollar

Interest preferential interest rate

Management Fee Management Fee is calculated on the basis of the total amount of the loan and paid in one lump sum
before the first drawdown

Commitment Fee Commitment Fee is calculated on the basis of the undrawn amount of the loan and paid semi-annually
during the Availability Period

Financing Proportion up to 100%

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GCL & PBC Brochure

Application Documents

Application Documents

No. Documents Requirement


s
1 Loan Application Officially signed and submitted by the Borrower.
2 Commercial Contract Duly and Legally Signed
3 Environmental Impact Assessment Approved by the competent authority of the borrowing country.
Report and Permit
4 Feasibility Study Report Made or confirmed by the end-user, Specifying the objectives, content, scope,
construction conditions, technical feasibility, economical returns and social benefits etc.
5 Self-raised Fund Confirmation Specifying the amount, source of fund, etc.
6 Land Acquisition and Resettlement Specifying the current status, acreage, land acquisition plans, source of fund of relevantcosts, etc.
Issues Confirmation
7 Supervision Company Introduction Specifying the qualifications and similar experiences of the supervision company, the
source of fund of supervision costs, etc.
8 Legality Documents concerning the The legal documents or legal opinion approving the legality of the tendering process shall be
Commercial Contract submitted.

9 Operation and Maintenance Plans Specifying the basic information of the operator, the general O&M plans, the O&M
team building progress, source of fund of O&M costs, progress of related previous and ancillary
projects, willingness to invite the Chinese contractor to participate in the O&M activities.

10 Legal Documents Related to Joint Joint Venture agreement or documents of intention, approving documents concerning the Joint
Venture (for Investment Projects only) Venture issued by the borrowing country, Joint Venture resolution documents concerning the
establishment of the Joint Venture, and borrowing of the loan.
11 Other documents deemed necessary by the bank.

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Sample Projects

Mombasa-Nairobi Standard Gauge Railway Project in Kenya


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Douala Water Supply Project in Cameroon


As the first GCL Project in Cameroon, the Douala Water Supply
Project has created new jobs, stimulated economic growth in the area covered,
and greatly improved people’s living standards in Douala.

Local media reported that “The Douala Water Supply Project is a vivid
example of China-Africa cooperation that dedicates to solve the pressing
livelihood problems of African countries and brings practical benefits to
African people”.

Adama Wind Power Project in Ethiopia


The implementation of the Ethiopian Adama Wind Power
Project has improved power supply structure, alleviatedpower
shortages, created new jobs and promoted economic development
and social stability in Ethiopia. The wind power generated by
Adama, highly acknowledged by the Ethiopian Government, has
not only lightened up tens of thousands of lights in local families,
but has also enlightened a new way of life for people of the Horn of
Africa.

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Kaleta Hydroelectric Plant Project in Guinea


The Kaleta Hydroelectric Plant is the largest project of China-Guinea
cooperation. It has effectively alleviated the severe power shortages in Guinea,
enhanced the stability and reliability of the national power grid, improved the
energy supply structure, and promoted local economic and social
development. Moreover, it has further consolidated the
traditional friendship
between China and
Guinea. In May 2015,
the Central Bank of
Guinea released the
new 2 0 , 0 0 0 - G N F Karakoram Highway Project in Pakistan
banknote, with the
image of the Kaleta The Karakoram Highway is honored as the China-Pakistan Friendship
Hydropower Station Highway. The construction of the highway restored the transportation artery
on the back. which connects the north, the capital, and the south coast of Pakistan, and
attaches the significance to help economic development of Northern Pakistan.

Mombasa-Nairobi Standard Gauge Railway Project in Kenya


The Mombasa-Nairobi Railway is the first standard gauge railway built in Kenya in the
past 100 years. The project has become a main transportation artery connecting the
Indian Ocean and East African countries, including Kenya, and has provided faster,
safer and more reliable modern passage and freight transportation services. In
addition, it has promoted the regional economic development through efficient
connectivity, and has laid a solid infrastructure foundation for the integration of East
African countries.

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Koh Thom Bridge Project in Cambodia


The completion of the Koh Thom Bridge in Cambodia has replaced the
previous cross-river transportation method: ferries, which was
expensive and unsafe, and has better linked Cambodia with its
neighboring countries. The bridge has effectively improved people’s
livelihood and driven the economic development of Cambodia’s rural
areas.

Victoria Falls International Airport Project in


Zimbabwe
The Zimbabwe Victoria Falls International Airport Project is the symbol of the
all-weather friendship between China and Zimbabwe. The Project helps
Zimbabwe overcome the bottleneck of its tourism development, and the steady
flow of passengers has attracted investment on hotel, catering, and related
tourism subsectors.

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The Ankara-Istanbul Speed Railway Project (Phase Ⅱ ) in Turkey


10 Hours
The Ankara-Istanbul Speed Railway Project (Phase Ⅱ ) came into operation on July 25, 2014. It greatly
reduces the travel time (from 10 hours to 3.5 hours by train) between Turkey’s largest city Istanbul and its
capital Ankara, and also lays a foundation for development of the areas alongthe line. This project is the
3.5 Hours largest one by volume since the establishment of diplomatic relations between China and Turkey, and is
The travel time also a symbolic achievement of the economic cooperation between the two countries.
between Istanbul
and Ankara

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Tayan Bridge Project in Indonesia


The Tayan Bridge is the first steel structure arch bridge in Indonesia, and is
also the second longest bridge in the country at the time it was completed. The
bridge opened in March, 2016 and ended the history that local people rely on
ferry to cross the Kapuas River. It efficiently improves goods exchanges
across the river, reduces transportation cost, and is of great significance in
optimizing national road network, improving infrastructure and boosting
economic development.

Addis Ababa – Adama Toll


Motorway Project in Ethiopia
As Ethiopia’s first highway, the 78-kilometer
Addis Ababa - Adama Toll Motorway
connects the capital Addis Ababa and the
southeastern town of Adama. It is a two-way six-
78 Kilometer
lane highway with highest speed limit of 120 Addis Ababa –
Adama Toll Motorway
km/h. The highway has greatly reduced inter-city
is the first highway in
transportation cost, enabled the connection of
Ethiopia
Ethiopia and Djibouti port, and promoted the
build-up of a highway network in East Africa.

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Nam Chiane Hydropower Project in Laos V.C. Bird Airport New Terminal Project in
Antigua and Barbuda
Through increasing the electrification ratio in northern Laos, improving the
local residential conditions, and promoting local economic and social The V.C. Bird Airport New
development, the Nam Chiane Hydropower Project has become an example of Terminal is located 4 miles
GCL and PBC cooperation that has promoted economic prosperity and from St. Johns, the capital of
regional economic cooperation among countries along the Belt and Road Antigua and Barbuda. It is a
Initiative. landmark well acknowledged by
local re s i d e n t s . Af ter
completion, V.C. Bird Airport
has become the most modern
airport in the Eastern Caribbean region, with annual
passenger number of 1.5 million. It has attracted large
numbers of transit airlines and passengers, which have
enabled large-scale people and material exchanges, and
have promoted the continuous development of the local
economy.

Berezovskaya Power Plant Project in Belarus


The reconstruction of the Berezovskaya Power Plant, which is located in
Beloozersk (White Lake), Brest Region of the Republic of Belarus, is the
The power plant
country’s biggest gas-steam combined cycle unit (CCU) for commercial use. generates 10% of
The power plant generates 10% of the country’s total power output, which has the total power
effectively alleviated power shortages and energy inefficiency, and has enhanced output of Belarus

10%
the development potential of Belarus. The project is highly recognized by both
Chinese and Belarusian government leaders with its high construction quality
and sound operation.

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Zemun-Borca Bridge Project in Serbia


The Zemun-Borca Bridge, known as the Bridge of China-Serbia
Friendship, is located in Belgrade the capital of Serbia, and is one of the
best bridges of the same type in the world. The Bridge not only links the
Zemun residential area and the Borca industrial zone on the two sides of the
Danube River, but also has ended the history that Belgrade had only one
bridge on the Danube River in over 70 years.

Kungrad Soda Ash Plant Project in Uzbekistan


The Kungrad Soda Ash Plant, located about 160km west of Nukus City,
Republic of Karakalpakstan, Uzbekistan, is considered as one of the most
important industrial bases of the country. The construction andexpansion of
the Soda Ash Plant have created 1,200 jobs, doubled the plant’s productivity,
and continuously boosted the local economy. With Chinese funding and
technology, the Republic of Uzbekistan is embracing a better future.

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Kigali Urban Road Upgrading Upgrade Project


(36km) in Rwanda
The Rwanda Kigali City 36km Upgrade Project connects Kigali with the
Kigali airport, its hospitals and embassies, and with Rwanda’s
neighboring countries. In 2011, the project was awarded by the
government as the “Signature of the City”. The road has improved local
people’s livelihood and enhanced the national image, and has become one of
the city’s most beautiful sceneries.

University of Goroka (UOG)


Students’ Residence Project in
Papua New Guinea
The University of Goroka (UOG) Students’
Residence Project, acclaimed by the
Government of Papua New Guinea (PNG) as 15 Years
the model of university dormitories in the South This project has helped
PNG to achieve 15 years
Pacific region, has greatly improved the
in advance the higher
student accommodation condition of UOG. education infrastructure
And it has helped PNG to achieve 15 years in requirements
advance the higher education
infrastructure requirements in its Development Strategic Plan 2010- 2030.
With its excellent quality and efficient management, this project is highly
recognized by the PNG government and local communities.

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Housing Project in Maldives Shahjalal Fertilizer Project in Bangladesh


The Maldives Housing The Shahjalal Fertilizer Project is the largest one by production output in
project helps to alleviate Bangladesh, and is also the largest completed governmental
the problems of land and cooperation project by investment volume between Bangladesh and China.
residential housing The completion of the project has eased Bangladesh’s pressure on fertilizer
shortages and traffic importation and has guaranteed its agriculture output and food security. In the
congestion in the capital meantime, the project has created over 700 new jobs, thus has contributed to
city of Male . It als o local employment and economic growth.
provides opportunities
in pu b l ic ed u ca t i o n ,
medical services and
employment, which will
improve the quality of life of local residents and generate good social
influence. After completion of the project, the quantity of immigrantsto the
Southern Province and the Upper Southern Province will increase,
which will promote the development of tourism, hotel, and related
entertainment industries and bring about considerable economic returns.

Montego Bay Convention Center Project in


Jamaica
The Montego Bay Convention Center is located in the city of Montego Bay,
which is 85 miles to the northwest of Kingston the capital of Jamaica. It is
now one of the most important exhibition and conference venues in the
Caribbean region, and even in North and Central America. It has improved
Jamaica’s capacity of holding international conferences, and has boosted
Jamaica’s tourismindustry.

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Lusaka National Heros Stadium Project in Natural Gas Processing Plants and
Zambia Pipeline Project in Tanzania

Zamyn-Uud Infrastructure Improvement Yeywa Hydropower Projectin


Kribi Deep Sea Port Project in Cameroon
Project in Mongolia Myanmar

Cao Bang Iron and Steel Complex


Jatigede Dam Project in Indonesia
Project in Vietnam

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Grand Poubara Hydroelectricity Project in Abidjan Port Extension Project in


Gabon Côte d’Ivoire The Second Penang Bridge Project in Malaysia
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Kampong Trabek River Flood Control Projectin Hambantota Port Development Project in Sri Lanka Construction of Re-regulating Pond Facilities for Agno
Prey Veng Province in Cambodia River Integrated Irrigation Project in Pilipinas

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Simon Bolivar Avenue Prolongation Project in Ecuador National Railway Modernization Project (Phase I) in Nigeria National Academy For The Performing Arts
Project in Trinidad and Tobago
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Contact The Concessional Loan Department


Address: No. 30 Fuxingmennei Street, Xicheng
Information District, Beijing, China
Zip Code: 100031
Tel: 010-83579988/66060636
E-mail: concessional@eximbank.gov.cn
Fax: 0086-10-66086308

Paris Branch St. Petersburg Representative Office Hong Kong Representative Office
Address: 62, Rue de Courcelles, Paris, France Address: No. 19, Sapyorny Per. Saint- Address: Room 1904-1905, IFC Mall One,
Zip Code: 75008 Petersburg, Russia No. 1 Gangjing Road, Central, Hong Kong
Tel: 0033-0-173000666 Tel: 007-812-5793977 Tel: 00852-2165-0888
Fax: 0033-0-173000667 Fax: 007-812-5794830 Fax: 00852-2253-0178
Liaison Teams in:
Representative Office for Southern and Representative Office for Northern and Hong Kong, Tel: 00852-21650811
Eastern Africa Western Africa Indonesia, Tel: 0062-81283147768
Address: No. 13 Fredman Drive, Sandown, 2199 Myanmar, Tel: 0095-9421147225
Address: 30, Rue Ejoukak, Souissi, Rabat,
Johannesburg, South Africa Sri Lanka, Tel: 0094-774771368
Morocco
Tel: 0027-11-7830767 Pakistan, Tel: 0092-3167779699
Tel: 00212-0-537638518
Fax: 0027-11-7846817 Fax: 00212-0-537652003
Liaison Teams in: Liaison Teams in:
South Africa, Tel: 0027-11-7830767 Morocco, Tel: 00212-0-537638518
Gabon, Tel: 00241-02228678
Kenya, Tel: 00254-723792212
The Republic of Congo, Tel: 00242-057000696
Ethiopis, Tel: 00251-939998308 Senegal, Tel: 00221-786396058
Zimbabwe, Tel: 00263-7-84975352
Egypt, Tel: 0020-1063275998

Other Liaison Teams in

The Bahamas South America Central Asia Central and Eastern Europe
Tel: 0012-424226688 Tel: 0054-91144032750 Tel: 00998-909971651 Tel: 0048-728292015

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Vision

The Export-Import Bank of China will continue to fully leverage its advantages,
actively promote international exchanges and cooperation, deepen and expand
foreign economic cooperation and trade, and serve China’s opening- up strategy
based on win-win partnership. We will play an active role in building a harmonious
world and dedicate ourselves to building the Bank into the most influential bank for
international economic cooperation.

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Project Cycle

Project
Proposal and Via the Chinese Embassy, the borrowing countries propose to the Bank a List of projects
(in line with the borrowing countries’ development plan and funding needs) seeking
Planning GCL/PBC.

Preliminary review on candidate projects (including background, investment


volume, category, period, operation plan, etc) and project pipelining.
Preliminary
Project
Review and
Pipelining
Discussion with the Chinese government to clarify annual quota for GCL and
PBC.

Contractors/ Exporters Selection of Chinese contractors/exporters Recommendation by the Economic


Selection and Signing of through bidding, based on the laws and and Commercial Counselor ’s Qualification requirements on contractors/exporters:
Commercial Contracts regulations of the borrowing country, and Office of the Chinese Embassy Business scope on the business license in line with
the project.
signing of commercial contracts. may be necessary.
Sound operation and management, and have the
capacity to implement the project in terms of labor,
technology, equipment and financial condition.
Have obtained authorization to contract overseas
projects.
Submission of commercial contract to the competent
Have obtained the A-Class (the top class) certificate.
authorities of the borrowing country for approval.
Have the financial strength, business scale andgood
performance record to implement the project.
Have experience as a general contractor to carry out an
including: overseas project.
(1) Feasibility Study Report or Project Proposal
(2) Environmental Impact Assessment Report
(3) Legality Document of Bidding
(4) Commercial Contract
(5) Introduction of Project Owner
Submission of the Loan Application Form and other
(6) Project Operation and Management Plan evaluation materials required to the Bank Loan Application
and Project
Evaluation
Background of the borrowing country;
Background of the project owner; Project evaluation upon:
Project execution capability of the contractor;
Necessity and feasibility of the project;
Project risk analysis, etc.
Report evaluation result to the Chinese Government for final
approval

in cl u d in g terms and co n d it io n s , loan


amount, interest rate, maturity,
Negotiation of the draft loan agreement management and commitment fees,
ef f ec ti v en es s and di s b u r s em en t
Loan Agreement conditions, guarantee, etc.
Negotiation and Signing of
the Loan Agreement Signing the loan agreement

If GCL, an inter-government framework


agreement shall be signed before
signing the loan agreement.

Examination of the Conditionsfor


if satisfied, the Bank shall inform the borrowing country in written the Loan Agreement tocome into
Effect

Submission of the irrevocable drawdown notice by Submission of the drawdown request Provision of invoices and receipts by the
Project the borrower by the project owner general contractor to apply for disbursements
Implementation
and Loan
Disbursement After examination, the Bank disburses the loan to
the account of the Chinese contractor/exporter

The Bank conducts post-loan management on the Principles andInterests


following aspects: Repayment,Post-Loan
(1) Repayment capacity of the borrowing country The borrowing country shall work with the Bank to conduct post- Management
(2) Negotiation and guidance on debt management loan management, repay the principal and interest, and pay
relevant fees according to the loanagreement
(3) Annual post-loan checkups both on-site and off-site
(4) Post-loan auditing
THE EXPORT-IMPORT BANK OF CHINA
GCL & PBC Brochure

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