Project ID: 35996

CDB provides loan for Phase 2 of National Broadband Project (Linked to Project ID#35993)

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Venezuela

Sector

Communications (Code: 220)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2010-01-01

Description

In September 2009, ZTE Corporation signed a $25 million commercial contract with CVG Telecom for Phase 2 of the National Broadband Project. The project was reportedly financed at least in part with the proceeds of a loan that China Development Bank that issued in April 2010. Nor further details are available. Phase 1 was implemented by Huawei and it is captured via Project ID#35993

Additional details

1. This project was part of a series of contracts signed between Telecom Venezuela (formerly CVG Telecom) and three Chinese companies. Projects #35991, 35992, 35993, 35994, 35995, and 35996 were all (planned to be) signed around the same time period.

Number of official sources

0

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Venezuela [Government Agency]

Implementing agencies [Type]

ZTE Corporation [State-owned Company]

Telecom Venezuela [State-owned Company]

Loan Details

Bilateral loan