Lancang-Mekong Cooperation Special Fund provides loan for Wan Pong Police Conference Room and Administration Building Construction Project (Linked to Project ID #65842)
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Myanmar
Sector
Government and civil society (Code: 150)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On January 5, 2018, the Chinese Government and Government of Myanmar signed a project agreement providing debt financing to Myanmar for multiple projects (see Project ID #65842). A single loan was provided for the Wan Pong Police Conference Room and Administration Building Construction Project. The face value and borrowing terms of this loan are unknown According to the Sina news, the total value of this project and the Wan Pong Port Expansion Project Feasibility Study (see Project ID #64096) is about USD 1 million, which has been disbursed. This project has reached the implementation stage but it is unclear when works are scheduled for completion.
Number of official sources
2
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Lancang-Mekong Cooperation (LMC) Special Fund [State-owned Fund]
Indirect receiving agencies [Type]
Myanmar Police Force [Government Agency]