China Eximbank provides $25.06 million loan for CDMA 2000 (Fixed Wireless Telephony) Project (Linked to #396)
Commitment amount
$ 44191637.87
Constant 2017 USD
Summary
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Recipient
Chad
Sector
Communications (Code: 220)
Flow type
Loan
Concessional
Yes
Category
Project lifecycle
Description
In 2007, China Eximbank and the Government of Chad signed a $25.06 million concessional loan for the CDMA 2000 (Fixed Wireless Telephony) Project. This loan reportedly carried the following terms: a 1.5% interest rate and a 5 year grace period. The maturity length of the loan is unknown. The project involved the rollout of a Code Division Multiple Access (CDMA) telecommunications network (CDMA网络项目) across 27 towns. The network was designed to provide three services: mobile phone coverage, fixed phone coverage, and high-speed Internet access. ZTE Corporation was the contractor responsible for project implementation. Construction began in August 2006. The first phase of the construction of the 10,000-line CDMA network in N’Djamena was completed in May 2007. The second phase included a 190,000 line CDMA national network. By the end of 2009, all the 75 sites of this project were completed and commissioned on a trial basis. The project then passed final inspection at the end of 2010 (see: ''中乍通讯合作项目喜获丰收:话费降了 上网方便了''). The loan that supported this project was rescheduled in 2017 (as described in #55744).
Additional details
The Chinese project title is 中乍通讯合作项目 or CDMA网络项目. The French project title is Le projet CDMA dans le domaine de télécommunications. In 2007, Chinese and Chadian officials reportedly signed a $257 million package deal to fund several projects in Chad (see #396), and the CDMA 2000 (Fixed Wireless Telephony) Project was one of these projects.
Number of official sources
3
Number of unofficial sources
10
Details
Cofinanced
No
Receiving agencies [Type]
Government of Chad [Government Agency]
Implementing agencies [Type]
ZTE Corporation [State-owned Company]
Loan type
Concessional
Interest rate
1.5%
Grace period
5 years
Gurarantee provided
No
Insurance provided
No