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Home > Project Financing  - Special Commercial loan for foreign Projects by China Development Bank


 

Special Commercial loan for foreign Projects by China Development Bank

--------------------Special Commercial loan for foreign Projects by China Development Bank-----------------
Apart from China Eximbank, China Development Bank is also a policy bank to supply preferential commercial loan to foreign
projects such as power,railway, telecommunication, port, cement plants, refinery projects in the world market.

The aim of the commercial loan is with goal of:
1. supporting host nations to develop it infrastructures or upgrade its economy
2. reducing its over depending on raw materials
3. improving the well being of the emplyer' nations people.
4. increasing employment of local nation.
5. improving relation with these nations

Main industries for providing commercial loans:
1. infrastructure: transportation, power, oil and gas, water, telecommunication, forest and irrigation, and other public projects
2. basic industries: manufacturing, agriculture, building materials, medical/medicine, electronic, texitle
3. services: trading
4. energy saving, environment protection, education..

Who can submit for commercial loans:
1. local government Special Purpose Companies.
2. Local companies
3. Chinese jonit venture with local companies
4. other kinds of Joint ventures
 
Procedure of applying Commercial loan from CDB:
we need the following documents as required for Eximbank financing:

1.Projects feasibility study or technical/commercial requirements;
2.Letter of Intent from the foreign employers to sign EPC contracts with Chinese EPC or suppliers;
3.EPC contracts with Chinese EPC contractors, such as our company;
4.Letter of Intent for issuing commerical guarantee, signed by banks or bank sydicates, the banks' rating should be higher than BB;
5.Environment impact Assessment for the projects verified by EPA of Federal government;
6.Documents  proving that the financing of at least 15% of EPC contract value is ready and will b e paid to EPC from employer’s contribution;
7.Employer's official name, address, brief introduction, financial statements for the last three years.

General Terms of commercial loan:
1. each loan should be at least 5 million USD;
2. Terms: 8-12 years
3. interests rate: libor plus 200-500basic point

-----------------------For GE gas turbine spare parts---------------------------------
http://www.china-power-contractor.cn/gas-turbine.html

-----------------------for Eximbank financing details---------------------------------
http://www.china-power-contractor.cn/Government-finance.html





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