Active Development AidData Chinese Aid

China Eximbank pledges $102 million loan for Intelligent Transport System in Minsk (Linked to Record ID#42199)

$102M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Belarus
Country	Belarus
Start Date	Oct 11, 2010
End Date	Oct 01, 2031
Duration	7,660 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`49039`

Grant Description

China Eximbank pledges $102 million loan for Intelligent Transport System in Minsk On October 11, 2010, China Eximbank and the Government of Belarus signed a framework agreement for an Intelligent Transport System in Minsk Project. It referenced China Eximbank’s intention to issue a $102 million loan in support of the project.

During the same year, the Minsk City Executive Committee and Alcatel-Lucent Shanghai Bell (a joint venture between China Huaxin and Alcatel-Lucent) developed a business plan and undertook a feasibility study for the project.

If implemented, the project would have involved the creation of an intelligent transport security system with video surveillance in the city of Minsk and along the M-2 road to the airport and the M-9 beltway (ring road).

Then, in March 2014, Huawei and the Government of Belarus signed a memorandum of understanding on the development of an intelligent transport system of Minsk. Huawei appears to have redesigned and rescoped the project. However, there is no clear evidence that a China Eximbank loan was ever issued in support of this project.

📋 Staff Comments

The Russian project title is проект интеллектуальной транспортной системы.

📚 Sources & References

WHY DOES CHINA INVEST IN BELARUS? BILLIONS OF LOANS FROM PERSPECTIVE OF CHINESE LOCAL GOVERNMENTS
Huawei’s smart transport system for Minsk
WHY DOES CHINA INVEST IN BELARUS? BILLIONS OF LOANS FROM PERSPECTIVE OF CHINESE LOCAL GOVERNMENTS
Belarus
China Exim Bank sign $1bn loan agreements to finance joint projects, Новости — Минский городской исполнительный комитет, В Минске презентовали проект интеллектуальной транспортной системы, Минск предлагает китайской стороне участвовать в реализации проектов стоимостью $1 млрд.
Cooperation between China Development Bank and Belarus’ banks discussed in Beijing
Huawei’s smart transport system for Minsk
SCIENCE. TECHNOLOGY. INNOVATIONS
NPP Belarus – Nuclear power industry – News Belarus – Technologies - BelTA
Belarus signs commercial contracts with China totaling $3.5 bln
Belarusian Prime Minister: China is a strategic partner for Belarus
Belarus
China sign deals worth 3.5bn dollars 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 Belarus

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