Active Mixed AidData Chinese Aid

ZTE provides $150 million loan for National Telecommunications Network Construction Project (Linked to Record ID#64790)

$150M USD

Funder	ZTE Corporation (formerly Zhongxing Telecommunication Equipment Corporation)
Recipient Organization	Myanmar Posts and Telecommunications
Country	Myanmar
Start Date	Jan 01, 2004
End Date	Oct 06, 2029
Duration	9,410 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`34116`

Grant Description

ZTE provides $150 million loan for National Telecommunications Network Construction Project On July 16, 2004, ZTE Corporation and Myanmar Posts and Telecommunication (MPT) — a state-owned enterprise in Myanmar — signed a commercial contract and deferred payment agreement for the National Telecommunications Network Construction Project.

📋 Loan / Grant Terms

💰 Loan Amountincluded a 10-year maturity

📅 Maturity10 years

⏳ Grace Period2 years

💹 Interest Rate3%

The purpose of the project was to help the MPT ministry build 300,000 fixed phone lines.

📋 Staff Comments

1. In 2006, a $31.5 million loan agreement was signed by China Eximbank and MPT for Phase 1 of the National Telecommunications Network Construction Project (as captured via Record ID#64790). Some sources suggest that this $31.5 million loan was part of the $150 million loan commitment (captured via Record ID#34116). This issue warrants further investigation.

📚 Sources & References

BURMESE PRIME MINISTER KHIN NYUNT: CHINA FREQUENT FLYER
Sino-Myanmar Economic Relations Since 1988
Politics of corruption in Myanmar
Senior General Than Shwe and wife Daw Kyaing Kyaing see off Prime Minister General Soe Win on departure for People's Republic of China
Li Changchun visited Myanmar to inspect the economic and industrial projects of Chinese enterprises in Myanmar
The New Light of Myanmar Volume XII
Number 94
MYANMAR (BURMA) 1 (Complete 240407)
China Overseas Development Finance Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Myanmar Posts and Telecommunications

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