China Eximbank provides $300 million loan for telecommunications network

$300M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cuba
Country	Cuba
Start Date	Sep 02, 2009
End Date	Apr 18, 2030
Duration	7,533 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`40135`

Grant Description

China Eximbank provides $300 million loan for telecommunications network On September 2, 2009, Chairman of National People's Congress, Wu Bangguo, together with Cuban parliamentary chief Ricardo Alarcon, oversaw the signing of a $300 million loan agreement for $300 million loan agreement with China Eximbank for the continuation of an info-communications program and the implementation of a project to produce radio and television transmitters and satellite receptors.

📚 Sources & References

China
Bahamas Sign Investment Protection Agreement
Cablegate: Cuba and China: The Best of Times
China Lends Cuba $600 Millions
China gives Cuba $600,000 in “loans”, credits and grants - with commentary
FACTBOX: Big potential in mostly untapped Cuba telecom market 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.