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China Eximbank provides $70 million loan for Lane Xang Lao Cement Factory Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Yunnan Provincial Energy Investment Group |
| Country | Lao People's Democratic Republic |
| Start Date | Jan 01, 2014 |
| End Date | Jan 15, 2032 |
| Duration | 6,588 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 65084 |
Grant Description
China Eximbank provides $70 million loan for Lane Xang Lao Cement Factory Project On March 30, 2012, Yunnan Energy Investment Group and the Ministry of Planning and Investment of Laos signed a $120 million build-operate-transfer (BOT) agreement for the Lane Xang Lao Cement Factory Project.
Then, in 2014, the Yunnan Branch of China Eximbank issued a $70 million loan to Yunnan Energy Investment Group for the Lane Xang Lao Cement Factory Project.
The purpose of this project was to construct a cement factory — with the capacity to produce 1 million tons of cement a year — within Khounnguean village in Khounkham (Kounkham orເມືອງຄູນຄຳ) district and Khammuan Province. Construction began in April 2014 and the factory was officially completed and put into operation on December 3, 2015.
The first batch of cement was produced on December 8, 2015. The plant will focus on cement production for major infrastructure projects in Laos, including the China-Laos Railway. It accounts for 20% of Laos' domestic cement production capacity.
Staff Comments
This project is also known as the Jixiang Cement Factory Project and the Lanexang Cement Factory Project. The Chinese project title is 老挝吉象水泥厂项目 or 的老挝吉象水泥厂.
Sources & References
- 中方在老签订第五个水泥厂投资批准协议
- 云南能投集团投资1.2亿美元的老挝吉象水泥厂建成投产
- China-invested cement plant inaugurated in Laos to serve China-Laos railway construction
- 老挝吉象水泥厂项目通过竣工验收
- 云南省能源投资集团有限公司首个海外项目在老挝建成投产
- 中老合作的老挝吉象水泥厂投入使用
- China-invested cement plant inaugurated in Laos to serve China-Laos railway construction
- China-invested cement plant inaugurated in Laos
- Lanexang cement Lao factory officially starts production
- Khammuan: New cement factory starts producing
- Lanexang Cement Plant Pr oject in Laos Passes Completion Acceptance
- 老挝吉象水泥将在年内投产
- China-invested cement plant inaugurated in Laos
- Laos Jixiang Cement Factory inaugurated
- Lao PDR: Analysis of available air quality data and potential sources/sectors and identification of promising air quality measures. 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
Yunnan Provincial Energy Investment Group
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