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Overview

Chinese Government donates 2 luxury vehicles for Victory Day Parade

Commitments (Constant USD, 2023)$1,664,501
Commitment Year•2015Country of Activity•BelarusDirect Recipient Country of Incorporation•BelarusSector•Government And Civil SocietyFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Apr 8, 2015
Start (actual)
Apr 8, 2015
End (actual)
Apr 8, 2015

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Belarus

Loan description

Chinese Government donates 2 luxury vehicles for Victory Day Parade

Narrative

Full Description

Project narrative

On April 8, 2015, the Chinese Government donated two FAW HongQi L5 (“Red Banner”) grand vehicles to the Government of Belarus ahead of its Minsk Victory Day Parade. The vehicles reportedly have an estimated value of RMB 5 million each and they were financed with a military grant from the Chinese Government.

Staff comments

First released in 2013 at the Shanghai Auto Show, the L5 is renowned for currently being the most expensive Chinese-made car ever available for purchase. Each vehicle reportedly costs RMB 5 million ($800,000 or £580,000).