Overview

China Eximbank provides $300 million loan for telecommunications network

Commitments (Constant USD, 2023)$416,195,331

Commitment Year•2009Country of Activity•CubaDirect Recipient Country of Incorporation•CubaSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 2, 2009

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Cuba

Loan description

China Eximbank provides $300 million loan for telecommunications network

Interest type•Unknown

Narrative

Full Description

Project narrative

On September 2, 2009, Chairman of National People's Congress, Wu Bangguo, together with Cuban parliamentary chief Ricardo Alarcon, oversaw the signing of a $300 million loan agreement for $300 million loan agreement with China Eximbank for the continuation of an info-communications program and the implementation of a project to produce radio and television transmitters and satellite receptors.