China pledges to loan $300 million USD to Chinese company for telecommunications projects in Tanzania

¥300M RMB

Funder	Unspecified Chinese Government Institution
Recipient Organization	China Datang Corporation Ltd. (CDT)
Country	Tanzania
Start Date	Mar 01, 2017
End Date	Nov 05, 2029
Duration	4,632 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`61327`

Grant Description

China pledges to loan $300 million USD to Chinese company for telecommunications projects in Tanzania In March 2017, several sources reported that the Chinese government had pledged $300 million USD to give to Datang Telecom International Technology, a Chinese state-owned company for a telecommunications project in Tanzania.

According to a media report on TanzaniaInvest, the president of Datang, Mr. Yuang Yong issued a statement to lend USD$300 million on March 1st.

This loan would help Datang Telecom and Tanzania Telecommunication Company (TTCL) set up a telecommunications equipment manufacturing plant and roll out 4G capabilities in both rural and urban areas in Tanzania.

📚 Sources & References

TTCL gets USD 300 mln loan from Chinese govt
坦桑尼亚电信公司在本地生产手机
Prosperous TTCL coming
TTCL gets USD 300 mln loan from Chinese govt
坦桑尼亚电信公司在本地生产手机
China to Lend TTCL USD 300 Million 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.