CDB provides $100 million buyer’s credit to Axiata (Bangladesh) Ltd. to facilitate the purchase of Huawei equipment
Commitment amount
$ 139272693.57962403
Adjusted commitment amount
$ 139272693.58
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Bangladesh
Sector
Communications (Code: 220)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
In June 2010, Axiata (Bangladesh) Ltd, a telecommunication company (operating in Bangladesh under the brand name Robi), signed an MoU with China Development Bank and Huawei Technologies (Bangladesh) Ltd., to expand its telecom network across the country. CDB agreed in principle lend $100 million to Robi, who would in turn would use the loan proceeds to purchase equipment from Huawei. Later in 2010 Axiata (Bangladesh) Ltd finalized a $100 million buyer’s credit agreement with China Development Bank. The terms of the buyer’s credit agreement are unknown. The current status of the project is unknown.
Number of official sources
1
Number of total sources
12
Details
Cofinanced
No
Direct receiving agencies [Type]
Robi Axiata Ltd. [Private Sector]
Implementing agencies [Type]
Huawei Technologies Co., Ltd. [Private Sector]
Government of Bangladesh [Government Agency]