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CDB provides loan for Phase 2 of National Broadband Project (Linked to Record ID#35993)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Venezuela |
| Country | Venezuela |
| Start Date | Jan 01, 2010 |
| End Date | Aug 06, 2028 |
| Duration | 6,792 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 35996 |
Grant Description
CDB provides loan for Phase 2 of National Broadband Project In September 2009, ZTE Corporation signed a $25 million commercial contract with CVG Telecom for Phase 2 of the National Broadband Project.
The project was reportedly financed at least in part with the proceeds of a loan that China Development Bank that issued in April 2010. Nor further details are available. Phase 1 was implemented by Huawei and it is captured via Record ID#35993
Staff Comments
1. This project was part of a series of contracts signed between Telecom Venezuela (formerly CVG Telecom) and three Chinese companies. Projects #35991, 35992, 35993, 35994, 35995, and 35996 were all (planned to be) signed around the same time period.
Sources & References
- CVG to sign 6 contracts worth $140mn with 3 Chinese telcos
- CVG signs USD140 million series of network deals 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
Government of Venezuela
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