China Eximbank provides RMB 100 million government concessional loan for National Telecommunication Network Upgrade Project
Commitment amount
$ 31001500.072405104
Adjusted commitment amount
$ 31001500.07
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Myanmar
Sector
Communications (Code: 220)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On December 1, 2000, Shanghai Bell Co and Myanmar Posts and Telecommunication (MPT) — a state-owned enterprise in Myanmar — signed a $20 million commercial contract for the National Telecommunication Network Upgrade Project. China Eximbank and the Government of Myanmar subsequently signed a government concessional loan (GCL) agreement for the National Telecommunication Network Upgrade Project. The borrowing terms of the loan are unknown. The proceeds of the loan were to be used by the borrower to finance the commercial contract that was signed on December 1, 2000. The project involved the installation of a 55,000-line digital switching system, transmission equipment, external cables, and integrated digital user networks in four cities (Yangon, Mandalay, Taungoo, and Pyay). The project was completed in June 2002. .
Additional details
1. The Chinese project title is 缅甸国家通信骨干网改造工程项目 2. The loan commitment year is unavailable. It is currently estimated based on the year in which the commercial contract was signed. 3. The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
Number of official sources
2
Number of total sources
10
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Myanmar (Burma) [Government Agency]
Implementing agencies [Type]
Myanmar Posts and Telecommunications [State-owned Company]
Alcatel-Lucent Shanghai Bell Co., Ltd. [State-owned Company]