Overview

China Development Bank provides $60 million loan to Beltelecom for network modernization efforts

Commitments (Constant USD, 2023)$77,168,308

Commitment Year•2010Country of Activity•BelarusDirect Recipient Country of Incorporation•BelarusSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 24, 2010

Geospatial footprint

Map overview

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China Development Bank provides $60 million loan to Beltelecom. Beltelecom's corporate office is located in Minsk, Belarus. More detailed locational information can be found at https://www.openstreetmap.org/way/25327614.

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% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

State-owned companies

Beltelecom

Loan description

China Development Bank provides $60 million loan to Beltelecom for network modernization efforts

Interest type•Unknown

Narrative

Full Description

Project narrative

On March 24, 2010, China Development Bank and Beltelecom — a Belarusian state telecoms operator — signed a $60 million loan agreement for network modernization activities by opening a credit line. The borrowing terms of the loan are unknown. However, it is known that the proceeds of the loan were to be use by the borrower to purchase equipment and upgrade its network. More specifically, Beltelecom planned to use the loan proceeds to expand it data transfer network and provide a moveable inspection complex.

Staff comments

This CDB loan is not included in the Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020. Since there is no repeatedly-counted risk for the CBD's credit line towards Beltelecom, AidData does not set the project as an umbrella project.