Project ID: 34116

ZTE provides $150 million loan for National Telecommunications Network Construction Project (Linked to Project ID#64790)

Commitment amount

$ 296544128.1

Constant 2017 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

ZTE Corporation [State-owned Company]

Recipient

Myanmar

Sector

Communications (Code: 220)

Flow type

Loan

Concessional

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2004

Description

On July 16, 2004, ZTE Corporation and Myanmar Posts and Telecommunication (MPT) — a state-owned enterprise in Myanmar — signed a commercial contract for the National Telecommunications Network Construction Project. In this contract, ZTE agreed to provide a $150 million loan to the MPT ministry to build 300,000 fixed phone lines.

Additional details

This project is coded as an umbrella project, as it was subsequently reported in 2006 that a $31.5 million subsidiary loan agreement was signed by China Eximbank and MPT for Phase 1 of the National Telecommunications Network Construction Project (as captured in Project ID#64790). This $31.5 million loan was part of the $150 million loan commitment captured in Project ID#34116. The loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.

Number of official sources

2

Number of unofficial sources

6

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Details

Cofinanced

No

Receiving agencies [Type]

Myanmar Posts and Telecommunications [State-owned Company]

Implementing agencies [Type]

Myanmar Posts and Telecommunications [State-owned Company]; ZTE Corporation [State-owned Company]

Loan type

Concessional

Gurarantee provided

No

Insurance provided

No