Project ID: 40135

China Eximbank provides $300 million loan for telecommunications network

Commitment amount

$ 450603014.4824376

Adjusted commitment amount

$ 450603014.48

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Cuba

Sector

Communications (Code: 220)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

2009-09-02

Description

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.

Additional details

Number of official sources

0

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cuba [Government Agency]

Loan Details

Bilateral loan

Investment project loan