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China Eximbank provides RMB 200 million loan for Saysettha Comprehensive Development Zone Project (Linked to Record ID#64771, #67552, #67553)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Yunnan Overseas Investment Company |
| Country | Lao People's Democratic Republic |
| Start Date | Jan 01, 2013 |
| End Date | Aug 05, 2029 |
| Duration | 6,060 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 64770 |
Grant Description
China Eximbank provides RMB 200 million loan for Saysettha Comprehensive Development Zone Project On July 11, 2012, Chinese Government and the Lao Government signed an agreement to co-invest $360 million in the Saysettha Comprehensive Development Zone Project.
In order to facilitate the implementation of this project, a joint venture called Lao-China Joint Venture Investment Co., Ltd. was established.
It is jointly owned by Yunnan Provincial Overseas Investment Co., Ltd. (75% ownership stake) and the Municipal Government of Vientiane (25% ownership stake.
The company's total share capital is $128 million, of which Yunnan Provincial Overseas Investment Co., Ltd. contributed $98 million and the Municipal Government of Vientiane contributed $30 million.
In 2013, China Eximbank issued an RMB 200 million loan (captured in Record ID#64770) to Yunnan Overseas Investment Co., Ltd. to cover its pre-investment expenses related to the Saysettha Comprehensive Development Zone Project.
Then, on May 12, 2015, the Yunnan Branch of the Export-Import Bank of China issued the first installment of a loan worth RMB 420 million to Yunnan Overseas Investment Co., Ltd. for the Saysettha Comprehensive Development Zone Project.
This loan was provided in a USD-denominated tranche and an RMB-denominated tranche: Record ID#64771 captures the $60 million tranche and Record ID#67552 captures the RMB 49.38 million tranche.
The purpose of the project is to build an industrial park (or ‘comprehensive development zone’) in downtown Vientiane, the capital of Laos.
The development zone will be a low carbon demonstration zone which seeks to address climate change and support the green and low-carbon transition.
The park covers covering an area of 11.5 square kilometers, and it is 19 km away from Wattay International Airport, 10 km from the planned new airport and 1.5 km from the Sino-Laos Railway Freight Station. Construction started on September 8, 2012.
Staff Comments
1. This project is also known as the Saysettha Industrial Park Project. The Chinese project title is 赛色塔综合开发区项目.
Sources & References
- Park Overview
- 对外投资合作国别（地区）指南老挝（2017年版）
- 云南支持老挝万象赛色塔开发区建设
- Yunnan supports the construction Vientiane Saysettha Development Zone in Laos
- 对外投资合作国别（地区）指南老挝（2018年版）
- 老挝投资环境及赛色塔综合开发区介绍, 2020年再进驻20家公司!备受瞩目的赛色塔将带来哪些商机?
- 赛色塔，打造老挝园区开发的典范
- 云南省商务厅援建老挝万象赛色塔综合开发区垃圾中转站项目交付使用
- Minister of Ecology and Environment Huang Runqiu meets with some delegates attending the High-Level Forum on Green Development of the 3rd Belt and Road Forum for International Cooperation
- PRC
- Lao PDR Jointly Developing a Low-carbon Demonstration Zone 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
Yunnan Overseas Investment Company
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