Skip to content
AidData logo

Overview

China Development Bank provides loan for Oversized Tire Factory Reconstruction Project (Linked to Record ID#66783)

Commitment Year•2015Country of Activity•BelarusDirect Recipient Country of Incorporation•BelarusSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2015
Start (actual)
May 10, 2015

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

Loading map…

This project provided equipment to a tire factory in the industrial city of Babruysk. More detailed locational information can be found at https://www.openstreetmap.org/way/174303459.

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 Banks

  • JSC JSSB Belarusbank

State-owned companies

  • Belshina OJSC (Belarusian Tyre)

Loan desecription

China Development Bank provides loan for Oversized Tire Factory Reconstruction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

On May 10, 2015, China Development Bank opened a $300 million credit line with Belarusbank — a state-owned bank — to finance an unspecified set of infrastructure projects in Belarus (captured in Record ID#66783). CDB subsequently approved a subsidiary loan under this credit line to support the Belshina Oversized Tire Factory Reconstruction Project. The face value and borrowing terms of the loan are unknown. Belarusbank on-lent the proceeds of the CDB loan to a state-owned company called JSC Belshina [ОАО «Белшина» or Belshina OJSC]. JSC Belshina then used the loan proceeds to purchase equipment from a Chinese firm. The first loan disbursement took place in April 2016. The oversized tires that are produced by JSC Belshina support 450-ton BelAz dump trucks. The tires are produced at a factory in the industrial city of Babruysk (Bobruisk).

Staff comments

The Russian project title is реконструкция Завода крупногабаритных шин на Белшине. The CDB loan that supported this project is not included in the Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020. The Government of Belarus has a 99.95% ownership stake in JSC Belshina, which is now one of the five largest tire manufacturers in the world (and was the largest tire factory in the Soviet Union).