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Overview

China Eximbank provides $70 million loan for Lane Xang Lao Cement Factory Project

Commitments (Constant USD, 2023)$71,788,723
Commitment Year•2014Country of Activity•Lao People's Democratic RepublicDirect Recipient Country of Incorporation•China (People's Republic of)Sector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2014
Start (actual)
Apr 1, 2014
End (actual)
Dec 3, 2015

Geospatial footprint

Map overview

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The purpose of this project was to construct a cement factory — with the capacity to produce 1 million tons of cement a year — within Khounnguean village in Khounkham district and Khammuan Province. More detailed locational information can be found at https://www.openstreetmap.org/node/4682097081.

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% Chinese ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned companies

  • Yunnan Provincial Energy Investment Group

Implementing agencies

Government Agencies

  • Government of Laos

State-owned companies

  • Yunnan Provincial Energy Investment Group

Loan desecription

China Eximbank provides $70 million loan for Lane Xang Lao Cement Factory Project

Interest type•Unknown

Narrative

Full Description

Project narrative

On March 30, 2012, Yunnan Energy Investment Group and the Ministry of Planning and Investment of Laos signed a $120 million build-operate-transfer (BOT) agreement for the Lane Xang Lao Cement Factory Project. Then, in 2014, the Yunnan Branch of China Eximbank issued a $70 million loan to Yunnan Energy Investment Group for the Lane Xang Lao Cement Factory Project. The purpose of this project was to construct a cement factory — with the capacity to produce 1 million tons of cement a year — within Khounnguean village in Khounkham (Kounkham orເມືອງຄູນຄຳ) district and Khammuan Province. Construction began in April 2014 and the factory was officially completed and put into operation on December 3, 2015. The first batch of cement was produced on December 8, 2015. The plant will focus on cement production for major infrastructure projects in Laos, including the China-Laos Railway. It accounts for 20% of Laos' domestic cement production capacity.

Staff comments

This project is also known as the Jixiang Cement Factory Project and the Lanexang Cement Factory Project. The Chinese project title is 老挝吉象水泥厂项目 or 的老挝吉象水泥厂.