Overview

China Eximbank provides loan for Third Stage of Cuban Telecommunications Project (Linked to Record ID#54626)

Commitment Year•2004Country of Activity•CubaDirect Recipient Country of Incorporation•CubaSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 22, 2004

Start (planned): Oct 31, 2004

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 loan for Third Stage of Cuban Telecommunications Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In November 2004, China Eximbank agreed to extend its 2001 credit agreement of $200 million (#54626) with the Government of Cuba to fund the third stage of a telecommunications project (Cuban Encuentro). Neither the face value nor the terms of the loan are known.