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Overview

CDB provides EUR 120 million loan for Automobile Mould & Die Manufacturing Project and Truck Axles Manufacturing Project

Commitments (Constant USD, 2023)$167,106,698
Commitment Year•2012Country of Activity•MyanmarDirect Recipient Country of Incorporation•MyanmarSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 1, 2012
End (actual)
Mar 30, 2016

Geospatial footprint

Map overview

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The purpose of the project was to build an axle manufacturing line and an automobile mould and die manufacturing line — for light, medium and heavy trucks — in the city of Naypyidaw.

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

Government Agencies

  • Government of Myanmar (Burma)

Implementing agencies

State-owned companies

  • China National Aero-Technology Import & Export Corporation (CATIC)

Loan desecription

CDB provides EUR 120 million loan for Automobile Mould & Die Manufacturing Project and Truck Axles Manufacturing Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In June 2012, China Development Bank issued an EUR 120 million loan to the Government of Myanmar for the Automobile Mould & Die Manufacturing Project and Truck Axles Manufacturing Project. The proceeds of the loan were to be used by the borrower to finance an EPC contract that the Government of Myanmar signed with CATIC Beijing Co., Ltd. The purpose of the project was to build an axle manufacturing line and an automobile mould and die manufacturing line — for light, medium and heavy trucks — in the city of Naypyidaw. The Myanmar axle and mold production line project was signed in June 2012 and started in the same year. The project commenced during the second half of 2012 and the automobile mould and die manufacturing line was inaugurated in June 2015. The project secured a final acceptance certificate (FAC) on March 30, 2016. This project is also known as the Myanmar Axle and Mold Production Line Project or the Automobile Mould & Die Manufacturing Project and Truck Axles Manufacturing Project. The Chinese project title is 缅甸车桥和模具生产线项目.