China Eximbank provides $3.8 million preferential buyer’s credit for Vientiane City Road Monitoring Project

In 2008, China Eximbank and the Government of Laos signed a $3.8 million preferential buyer’s credit (PBC) agreement for the Vientiane City Road Monitoring Project. The borrowing terms of the PBC are unknown. This project involved the installation of CCTV cameras along 10 main roads — in an areas measuring more than 100 square km — within the capital city of Vientiane. It also involved the laying of 60 km of fiber optic cable and the installation of a central command center — capable of monitoring the CCTV footage — for the city’s traffic police force. The project was supposed to be completed before the opening of the 25th Southeast Asian Games on December 9, 2009 and it achieved this objective. The project was officially completed and handed over to the local authorities on December 5, 2009. According to China’s Ministry of Commerce (MOFCOM), the project was completed in one year and seven days, making the project implementation start date November 28, 2008.

Additional details

The Chinese project title is 老挝万象市城市道路监控项目. 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. Hytera Communications Corporation Limited appears to be the private company that was responsible for project implementation. However, this issue requires further investigation.

Number of official sources

2

Number of total sources

5