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Overview

China Development Bank signs framework agreement for financing the Malaysia-China Kuantan Industrial Park project

Commitment Year2013Country of ActivityMalaysiaDirect Recipient Country of IncorporationMalaysiaSectorIndustry, Mining, ConstructionFlow TypeLoan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2013

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

  • China Development Bank (CDB)

Receiving agencies

Joint Venture/Special Purpose Vehicles

  • Malaysia-China Kuantan Industrial Park (MCKIP) Sdn Bhd

Implementing agencies

Joint Venture/Special Purpose Vehicles

  • Malaysia-China Kuantan Industrial Park (MCKIP) Sdn Bhd

Loan desecription

China Development Bank signs framework agreement for financing the Malaysia-China Kuantan Industrial Park project

Interest typeUnknown

Narrative

Full Description

Project narrative

In 2013, at the official launch of Malaysia-China Kuantan Industrial Park (MCKIP), China Development Bank and the Master Developer of MCKIP signed the Framework Agreement on Financing Cooperation, which will involve collaboration between the parties in the areas of project financing and financial consulting services for the MCKIP project. It is unclear if China Development Bank committed to any financing following the signing of the framework agreement, though China Eximbank, China Construction Bank and Agricultural Bank of China provided financing (captured in #62338 and #62336).