Active Development AidData Chinese Aid

Chinese Government provides RMB 50 million interest-free loan for procurement of railway tracks from China

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Myanmar (Burma)
Country	Myanmar
Start Date	Aug 06, 2004
End Date	Feb 27, 2026
Duration	7,875 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`49951`

Grant Description

Chinese Government provides RMB 50 million interest-free loan for procurement of railway tracks from China In July 2004, the Chinese Government provided an RMB 50 million interest-free loan to the Government of Myanmar for the procurement of railway tracks from China. The agreement was reached when Lieutenant General Khin Nyunt visited China.

According to China’s Ministry of Commerce, Henan Cereals, Oils & Foodstuffs Import & Export Group was the contractor responsible for project implementation. This company was contracted for the project in December 2004.

📋 Staff Comments

One source puts the face value of the loan are RMB 49.96 million rather than RMB 50 million.
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.
The Chinese project title is 缅甸钢轨项目.

📚 Sources & References

Sino-Myanmar Economic Relations Since 1988
商务部对外援助项目招标委员会通告【2004】第35号
BURMESE PRIME MINISTER KHIN NYUNT: CHINA FREQUENT FLYER
河南粮油食品集团再揽大单
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.