Project ID: 49947

Chinese Government provides RMB 36.65 million interest-free loan — via March 2004 ETCA — for three hydropower projects (linked to project #64759)

Commitment amount

$ 9810200.6335036

Adjusted commitment amount

$ 9810200.63

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Myanmar

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

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

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2004-03-24

Planned start

2004-03-24

Description

On March 24, 2004, the Chinese Government provided an RMB 200 million interest-free loan (captured in Project ID#64759) — through an Economic and Technical Cooperation Agreement (ETCA) — to the Government of Myanmar to support various projects and activities overseen by various government ministries. Myanmar’s Ministry of Electric Power reportedly used RMB 36.65 million of the loan proceeds to support three hydropower projects.

Additional details

1. It is unclear if this grant commitment is related to the 2003 financial commitment for 3 small hydropower project as captured in Project ID#49940. 2. Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity to 20 years by default and grace period to 10 years by default p, er China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Myanmar Ministry of Electric Power [Government Agency]

Loan Details

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element (OECD Grant-Equiv)

71.6021%

Bilateral loan

Interest-free loan

Investment project loan