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Overview

Shandong Agricultural Industry & Commerce Group Corporation provides $25.45 million supplier credit for Dry Dockyard Construction Project in Myanmar

Commitments (Constant USD, 2023)$59,108,178
Commitment Year•2001Country of Activity•MyanmarDirect Recipient Country of Incorporation•MyanmarSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2001
Start (actual)
Feb 2, 2001
End (actual)
Jan 1, 2005

Geospatial footprint

Map overview

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The project involved the construction of a 168-meter-long and 28-meter-wide dry dock — including 1 docking room, 2 docks, ad 4 auxiliary workshops — Kamayut Township within the city of Yangon. More detailed locational information can be found at https://www.openstreetmap.org/way/4368410.

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 companies

  • Shandong Agricultural Industry and Commerce Group Corporation

Receiving agencies

Government Agencies

  • Government of Myanmar (Burma)

Implementing agencies

State-owned companies

  • Myanmar Shipyards
  • Shandong Agricultural Industry and Commerce Group Corporation

Loan desecription

Shandong Agricultural Industry & Commerce Group Corporation provides $25.45 million supplier credit for Dry Dockyard Construction Project in Myanmar

Interest type•Unknown

Narrative

Full Description

Project narrative

In November 1999, Shandong Agricultural Industrial Group Co., Ltd. signed a contract with the Ministry of Communications of Myanmar for the Dry Dockyard Construction Project. This $167 million project was part of a broader upgrading of the 33 year Sinmalike dockyard by Myanmar Shipyards. According to various reports, Shandong Agricultural Industry & Commerce Group Corporation provided a $25.45 million supplier credit (loan) to the Government of Myanmar to support the project in 2001. The project involved the construction of a 168-meter-long and 28-meter-wide dry dock — including 1 docking room, 2 docks, and 4 auxiliary workshops — in Kamayut Township within the city of Yangon. Upon completion, it was expected that the new 25 acre new dry dock would will have the capacity to dock up to 12,000 dead weight tons (DWT). A formal groundbreaking ceremony for the project took place on February 2, 2001. The project was completed in January 2005, and it was officially handed over to the local authorities on March 30, 2005.