Completed Mixed AidData Chinese Aid

China Eximbank provides seller's credit to Tianjin Machinery Import and Export Corporation for the Pakokku Textile Mill Construction Project

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Tianjin Machinery Import and Export Corporation (Group)
Country	Myanmar
Start Date	Jan 01, 2000
End Date	Apr 20, 2028
Duration	10,337 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64292`

Grant Description

China Eximbank provides seller's credit to Tianjin Machinery Import and Export Corporation for the Pakokku Textile Mill Construction Project In July 2001, Myanmar’s Ministry of Industry and Tianjin Machinery Import and Export Corporation signed a $27 million contract for the Pakokku Textile Mill Construction Project.

China Eximbank issued an export seller’s credit to Tianjin Machinery Import and Export Corporation, which it then used to issue a supplier credit to the Government of Myanmar.

The purpose of the project was to construct a textile mill — with 30,000 spindles and 828 auto shuttle looms — three miles away from Pakokku (Magway division) on the road to Shwetantit Port. The textile mill was opened and began commercial production on October 1, 2005.

Upon completion, the mill reportedly had the capacity to produce nearly four million of 1/32 thread and more than 11 million yards of coarse cloth per year.

📋 Staff Comments

The face value of the export seller’s credit is unknown. This issue warrants further investigation2. The China Eximbank export seller’s credit that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
AidData records the commitment year as 2000 because in the source 'Modern China-Myanmar Relations Dilemma of Mutual Dependence,' it is said that the contract for the project was signed in 2000.
This project is also known as the No. 5 Textile Mill Project.

📚 Sources & References

Modern China-Myanmar Relations Dilemma of Mutual Dependence
Textile Factory (Pakokku) contributes to regional development, stands as import-substitute industry
China's Overseas Development Finance
New modernized textile factory goes into production in Myanmar
MoPFI Union Minister inspects textile factory, industry training centre
No. 5 Textile Mill, 6: Myanmar’s economic relations with China: who benefits and who pays? 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

Tianjin Machinery Import and Export Corporation (Group)

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