Active Development AidData Chinese Aid

Chinese Government provides RMB 10.33 million interest-free loan — via March 2004 ETCA — to support an oxygen plant and buy spare parts for the iron and steel plants in Pyin Oo Lwin (linked to Record ID#64759)

¥10.33M RMB

Funder	China Ministry of Commerce
Recipient Organization	Ministry of Mines (Myanmar)
Country	Myanmar
Start Date	Mar 24, 2004
End Date	Jan 11, 2032
Duration	10,154 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`49943`

Grant Description

Chinese Government provides RMB 10.33 million interest-free loan — via March 2004 ETCA — to support an oxygen plant and buy spare parts for the iron and steel plants in Pyin Oo Lwin On March 24, 2004, the Chinese Government provided an RMB 200 million interest-free loan (captured in Record ID#64759) — through an Economic and Technical Cooperation Agreement (ETCA) — to the Government of Myanmar to support various projects and activities overseen by various government ministries.

Myanmar’s Ministry of Mines reportedly used RMB 10.33 million of the loan proceeds to support an oxygen plant and buy spare parts for the iron and steel plants in Pyin Oo Lwin district within Mandalay Region.

📋 Staff Comments

1. Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity to 20-years by default and grace period to 10-years by default p, er China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

Sino-Myanmar Economic Relations Since 1988
Sino-Myanmar Economic Relations Since 1988 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.