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Overview

China Eximbank provides RMB 50 million government concessional loan for Mobile Network Project (Linked to Record ID#2482)

Commitments (Constant USD, 2023)$11,768,864
Commitment Year•2006Country of Activity•TunisiaDirect Recipient Country of Incorporation•TunisiaSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 20, 2006
Last repayment
Jan 16, 2021

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

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned companies

  • Société Nationale des Telecommunications (Tunisie Télécom)

Implementing agencies

Private Sector

  • Huawei Technologies Co., Ltd.

Loan desecription

China Eximbank provides RMB 50 million government concessional loan for Mobile Network Project

Grant element•36.9771%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•15 years

Narrative

Full Description

Project narrative

On January 20, 2006, the Export-Import Bank of China (China Eximbank) and the Société Nationale des Telecommunications (Tunisie Télécom) — a state-owned telecommunications company — signed an RMB 50 million ($6 million) government concessional loan (GCL) agreement for the Mobile Network Project. The signing of the GCL agreement followed the signing of an RMB 350 million preferential loan framework agreement with the Government Tunisia on June 21, 2004 (as captured via Record ID#2482). The loan carried a maturity of 15 years and an interest rate of 2%. It grace period is unknown. The proceeds of the loan were to be used by the borrower to finance a commercial contract (No. 13/2004) between Tunisie Télécom and Huawei Technologies Co., Ltd., which was signed on August 26, 2005. The purpose of the project was to build a mobile phone network for Tunisie Télécom in Tunisia. There is some evidence in the December 2010 individual and consolidated financial statements of Tunisie Télécom that this project was implemented. However, precise implementation start and end dates are unknown.

Staff comments

1. The Chinese project title is 华为公司在99/2003号国家传输干线项目 or 号国家传输干线项目 or 电信项目 or 援突尼斯国家电信公司13/2004号国际招标项目. 2. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it does not identify the interest rate or the maturity length of the the China Eximbank loan that supported this project. AidData records the interest rate (2%) and the maturity (15 years) that are reported by China’s Ministry of Commerce (MOFCOM). 3. In 2006, Tunisia’s telecommunication sector went through a privatization process and a 35% ownership stake in Tunisie Télécom was sold to Dubai Investment Group (DIG) and a consortium known as TECOM [previously known as EIT or Emirates International Telecommunications (Tunisia) FZ - LLC].