Bank of China signs MOU with Muara Port Company Sdn Bhd for fishing complex project
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Brunei
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Potential public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On December 22, 2020, the Muara Port Company Sdn Bhd (MPC), a joint venture between China's Guangxi Beibu Gulf International Port Group and Brunei's Darussalam Assets, signed an agreement with the Government of Brunei, to develop and operate Muara Fish Landing Complex, Brunei's largest fishing facility. During the same ceremony, MPC also signed a Memorandum of Understanding (MOU) with Bank Islam Brunei Darussalam, and another MOU with Bank of China (BOC), Brunei Branch, to strengthen financial cooperation. AidData still needs to determine whether this MOU has produced subsequent financial commitments from BOC for the Muara Fish Landing Complex or any other MPC projects.
Number of official sources
0
Number of total sources
3
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Bank Islam Brunei Darussalam [Private Sector]
Direct receiving agencies [Type]
Muara Port Company Sdn Bhd [Joint Venture/Special Purpose Vehicle]