Project ID: 35759

China Eximbank provides $16.7 million concessional loan for Lao Airlines Hangar and Maintenance Training Center Project

Commitment amount

$ 20184173.7

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Lao People's Democratic Republic

Sector

Transport and storage (Code: 210)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

Estimated.

2010

Completion

2012

2012-03-15

Actual

Geography

Description

In 2010, China Eximbank provided a $16.7 million concessional loan for the Lao Airlines Hangar and Maintenance Training Center Project. The project involved the construction of a hangar and maintenance training center at Wattay International Airport, which is located 3 km outside the city of Vientiane. The project covered an area of 36,400 square meters with a total construction area of about 15,000 square meters. It included the construction of a maintenance hangar, a training center, corridors, a parking lot, outdoor facilities, and landscaping. The project was designed to promote the development of aviation industries in Laos, and provide a solid foundation for its route expansion in developed countries. Xi’an Aircraft Industry (Group) Company Ltd. and Yunnan Construction Engineering Group Co., Ltd. were the contractors responsible for implementation. The project commenced on November 15, 2010 and then a formal groundbreaking ceremony took place on January 20, 2011. Project implementation ended on March 15, 2012. However, a project completion ceremony was not held until June 21, 2016.

Additional details

This project is also known as the Lao Airlines State Enterprise (LASE) Hangar and Maintenance Training Center Project. The Chinese project title is 航机库及维修培训中心项目.The China Eximbank 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. The precise loan commitment year is unknown. For the time being, AidData has coded it as the first year of project implementation (2010).

Number of official sources

6

Number of unofficial sources

5

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Laos [Government Agency]

Implementing agencies [Type]

Laos Aviation [State-owned Company]; Xi'an Aircraft Industrial Corporation [State-owned Company]; Yunnan Construction Engineering Group Corporation (YNJG) [State-owned Company]

Loan type

Concessional

Maturity

2 years

Gurarantee provided

No

Insurance provided

No