China Eximbank loaned RMB 300 million for expansion of Tianli Industrial Group textile mill
Commitment amount
$ 70965550.31048256
Adjusted commitment amount
$ 70965550.31
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Mauritius
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Unallocable
Infrastructure
Yes
Category
Project lifecycle
Description
In June 2007, the China EXIM bank loaned RMB 300 million for the expansion of a Tianli Spinning (Mauritius) textile mill as the project's Phase III. Tianli Spinning (Mauritius) is a subsidiary of Shanxi Tianli Enterprises Holdings Co. Ltd., a Chinese company. This is a Chinese government-backed loan to a Chinese company in Mauritius. The initial investment is captured in ProjectID#60770. Phase I is captured in ProjectID#1142. Phase II is captured in ProjectID#24931.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Tianli Spinning (Mauritius) Co. [Private Sector]