ZTE provides $150 million loan for National Telecommunications Network Construction Project (Linked to Project ID#64790)
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.
This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
ZTE Corporation [State-owned Company]
Communications (Code: 220)
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.
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
Number of unofficial sources
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]