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Shandong Agricultural Industry & Commerce Group Corporation provides $25.45 million supplier credit for Dry Dockyard Construction Project in Myanmar
| Funder | Shandong Agricultural Industry and Commerce Group Corporation |
|---|---|
| Recipient Organization | Government of Myanmar (Burma) |
| Country | Myanmar |
| Start Date | Jan 01, 2001 |
| End Date | Mar 09, 2029 |
| Duration | 10,294 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 63408 |
Grant Description
Shandong Agricultural Industry & Commerce Group Corporation provides $25.45 million supplier credit for Dry Dockyard Construction Project in Myanmar In November 1999, Shandong Agricultural Industrial Group Co., Ltd. signed a contract with the Ministry of Communications of Myanmar for the Dry Dockyard Construction Project.
This $167 million project was part of a broader upgrading of the 33-year Sinmalike dockyard by Myanmar Shipyards.
According to various reports, Shandong Agricultural Industry & Commerce Group Corporation provided a $25.45 million supplier credit (loan) to the Government of Myanmar to support the project in 2001.
The project involved the construction of a 168-meter-long and 28-meter-wide dry dock — including 1 docking room, 2 docks, and 4 auxiliary workshops — in Kamayut Township within the city of Yangon.
Upon completion, it was expected that the new 25 acre new dry dock would will have the capacity to dock up to 12,000 dead weight tons (DWT). A formal groundbreaking ceremony for the project took place on February 2, 2001.
The project was completed in January 2005, and it was officially handed over to the local authorities on March 30, 2005.
Sources & References
- Impact of China's Rise on the Mekong Region
- 李进军大使出席中国公司在缅甸建设的干船坞项目交接仪式
- Sino-Myanmar Economic Relations Since 1988
- 中缅合资兴建干船坞
- Shipyard Upgrade underway, 12000 dwt Dry Dock
- Burma Net News
- Burma Issues Volume 11
- Number 2
- Company History, 2023 Semi-annual Financial Report 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.
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Government of Myanmar (Burma)
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