Overview

China Eximbank provides loan to build 13,500-line exchanges in twelve Myanmar towns in 2002

Commitment Year•2002Country of Activity•MyanmarDirect Recipient Country of Incorporation•MyanmarSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2002

End (actual): Mar 20, 2002

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

State-owned companies

Myanmar Posts and Telecommunications

Implementing agencies

State-owned companies

China National Electronics Import & Export Corporation (CEIEC)

Loan description

China Eximbank provides loan to build 13,500-line exchanges in twelve Myanmar towns in 2002

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2002, China Eximbank reportedly provided a loan to Myanmar Posts and Telecommunication (MPT) — a state-owned enterprise in Myanmar — for a project to build 13,500-line-capacity digital auto-telephone exchange in 12 towns. The face value and borrowing terms of the loan are unknown. The proceeds of the loan were to be used by MPT to finance a $6.5 million commercial contract with China National Electronics Import and Export Shenzhen Company (CEIEC). This project was completed on March 20, 2002.

Staff comments

1. 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.