CDB provides $236 million buyer's credit loan for General Roca Railway Equipment Acquisition Project

📋 Staff Comments

1. The flow type is Export Buyer's Credit because the financing agreement covers 85% of the total project value, received export buyer's credit insurance from Sinosure, and is designated for the specific purpose of acquiring materials from CRRC Qingdao Sifang, a Chinese based company.
2. This project is also known as the 200 Roca Railway Car Acquisition Project. The Spanish project title is Adquisición de EMUs para el Ferrocarril Roca Eléctrico or Adquisición de EMUS para el Ferrocarril Roca Eléctrico (CRRC QINGDAO SIFANG CO., LTD). The Chinese project title is 罗卡线电动车组增购项目.
3. The CDB loan contract can be accessed in its entirety via https://www.documentcloud.org/documents/20484893-arg_2019_471.
4. For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.
5. The Government of Argentina's internal identification number for the CDB loan is 100001166/CDB-0.
6. Resolution 1039/2018 contains information about the commercial contract and Decreto 144/2019 contains information about the loan authorization.

📚 Sources & References

• Arrival of DMUs exported to Argentina in Buenos Aires, (1) MERGER OF CNR AND CSR (2) VERY SUBSTANTIAL DISPOSAL FOR CNR AND VERY SUBSTANTIAL ACQUISITION FOR CSR (3) NOTICE OF THE CNR EGM AND (4) NOTICE OF THE CNR H SHAREHOLDERS’ CLASS MEETING, - Query Re- Chinese Loans to Argentina
• Advancement on the National Transport Plan
• Ambassador Yang Wanming Attended the Signing Ceremony of the Additional Purchase Project of Roca Line Electric Vehicles
• Analysis of 2017-2021 China Argentina Infrastructu Cooperation Plan.
• Aprobación del Modelo de Contrato de Línea de Crédito entre la República Argentina y la institución financiera China Development Banck (CDB)
• APRUEBAN CONTRATO CON BANCO CHINO PARA FINANCIAR LA COMPRA DE 200 COCHES PARA LA LÍNEA ROCA
• Argentina inks deal to buy 200 trains from China
• Argentina obtains China funding for rail rolling stock, arg_2019_471
• Bilateral
• Bilateral
• Bilaterales Proyectos en Ejecución, cartera_activa_1_4
• China Argentina Priority Infrastructure Project List for 2017-2021
• China Development Bank
• China to Invest in Argentine Railways
• China's Overseas Development Finance
• Convenio con empresa China por repuestos y asistencia técnica para trenes metropolitanos
• Decisión Administrativa 604/2018
• Decreto 144/2019
• Después de 9 años
• Trenes Argentinos compra material rodante y repuestos para mejorar la seguridad
• El Gobierno compró 200 vagones para el tren Roca por USD 316 millones sin licitación
• El nuevo tren que unirá Buenos Aires con Mar del Plata realiza su primer viaje este viernes
• El Tren Roca sumará 200 coches nuevos
• Full delivery of 709 intercity EMUs exported to Argentina
• General Roca Railway
• Legislación y Avisos Oficiales
• Los pasajeros de los primeros coches 0 KM celebraron el viaje en un tren 'confortable'
• Oficializan compra de coches para el Tren Roca por US$ 287 millones
• Resolución 1039/2018
• Resolución 1382-E/2017
• The Sustainable Infrastructure Finance of China Development Bank: Composition
• Experience and Policy Implications
• Uno Por Uno Todos Los Acuerdos Firmados con China
• US$236,000,000 Term Facility Agreement
• 中车四方获得阿根廷200辆城际动车组出口订单
• 阿根廷将向青岛四方公司购买200节城际客运火车车厢
• 驻阿根廷大使杨万明出席罗卡线电动车组增购项目签约仪式 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.