Overview

China Eximbank provides RMB 100 million government concessional loan for National Telecommunication Network Upgrade Project

Commitments (Constant USD, 2023)$28,633,831

Commitment Year•2000Country of Activity•MyanmarDirect Recipient Country of Incorporation•MyanmarSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 1, 2000

End (actual): Jun 1, 2002

Geospatial footprint

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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).

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 Myanmar (Burma)

Implementing agencies

Joint Venture/Special Purpose Vehicles

Nokia Shanghai Bell Co., Ltd. (formerly known as Alcatel-Lucent Shanghai Bell Co., Ltd.)

State-owned companies

Myanmar Posts and Telecommunications

Loan description

China Eximbank provides RMB 100 million government concessional loan for National Telecommunication Network Upgrade Project

Interest type•Unknown

Narrative

Full Description

Project narrative

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..

Staff comments

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.