1. Program Overview
The Special Loan Program for China-Latin America Infrastructure Project offers a total credit of 20 billion USD and is operated by China Development Bank (CDB).
Loans granted through the special program will be used to support Chinese enterprises conducting infrastructure (e.g. energy, roads, telecommunications, ports, logistics, electricity, mining and agriculture) building projects in Latin American and Caribbean countries. The loans are of a commercial nature and will be operated based on market interest rates, with the termsand conditions determined on a case-by-case basis. Eligible projects should comprise of "Chinese elements" (equipment or services provided by the Chinese parties) of no less than 60% of the total investment. In principle, the credit line for each project should not exceed 70% of the total investment. Chinese organizations and enterprises are encouraged to invest in the project capital.
2. The Application Process
(1) Project development and loan application
Project development may be conducted by the host country government or local enterprises jointly with the Chinese enterprises. A formal application should be submitted to China Development Bank, enclosing relevant project information, including but not limited to the borrower, total investment, amount of the loan proposed, financial status of the borrower or shareholder(s) of the project company, project financing structure, term and purpose of the loan, method of repayment and guarantee, project timetable and contact information.
(2) Loan Processing
Upon receiving the application, China Development Bank will first conduct a preliminary review of the project. Successful applicants passing the preliminary review will be contacted directly regarding due diligence and credit appraisal arrangements, and the credit appraisal report will be submitted to the CDB Credit Committee. Subject to the approval of the Credit Committee, the CDB will engage in loan agreement negotiations with the borrower and sign the loan agreement.
3. Contact Information
Global Cooperation Department, China Development Bank
Add: No. 18 Fuxingmennei Avenue, Beijing, China
Liaisons: WANG Tianzhen, XU Yan
Email: wangtianzhen@cdb.cn , xuyan@cdb.cn
Tel: +86(10)88308320, +86(10)68306549
