China Eximbank provides loan for Southern Provinces Transmission Development I Project

In 2004, China Eximbank and the Government of Laos signed a loan agreement for the Southern Provinces Transmission Development I Project. The face value and borrowing terms of the loan are unknown. The project entered implementation, but its precise start and end dates are unknown.

Additional details

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. 2. This project may be related to the 115kV Pakse-Khone Pha Pheng Transmission Line Project (captured in Project ID#64818). 3. According to the World Bank's Debtor Reporting System (DRS), the weighted average maturity of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Laos was 15.2194 years in 2004. AidData estimates the maturity of the China Eximbank loan that supported the Southern Provinces Transmission Development I Project by using this figure. See https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0 4. According to the World Bank's Debtor Reporting System (DRS), the weighted average grace period of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Laos was 8.3724 years in 2004. AidData estimates the grace period of the China Eximbank loan that supported the Southern Provinces Transmission Development I Project by using this figure. See https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0 5.. According to the World Bank's Debtor Reporting System (DRS), the weighted average interest rate of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Laos was 2% in 2004. AidData estimates the interest rate of the China Eximbank loan that supported the Southern Provinces Transmission Development I Project by using this figure. See https://www.dropbox.com/s/ab8qt4n6jijcbhd/IDS_Average%20interest%20on%20new%20external%20debt%20commitments.xlsx?dl=0 6. To estimate the face value of the loan, AidData relies on the aggregate value ($181,940,666.70) of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Laos in 2004, which the Government of Laos voluntarily disclosed to the World Bank's Debtor Reporting System (DRS). AidData relies on this figure because there are no other 2004 loan commitments in its dataset that are reportable to the World Bank under the DRS Reporting Directives. See https://www.dropbox.com/s/2sw4f7gluxa52fk/DRS%20Official%20Commitments%20from%20China%20Through%202021.xlsx?dl=0

Number of official sources

6

Number of total sources

8