Active Development AidData Chinese Aid

China Development Bank provides $60 million loan to Beltelecom for network modernization efforts

$60M USD

Funder	China Development Bank (CDB)
Recipient Organization	Beltelecom
Country	Belarus
Start Date	Mar 24, 2010
End Date	Feb 16, 2033
Duration	8,365 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66571`

Grant Description

China Development Bank provides $60 million loan to Beltelecom for network modernization efforts On March 24, 2010, China Development Bank and Beltelecom — a Belarusian state telecoms operator — signed a $60 million loan agreement for network modernization activities by opening a credit line.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

However, it is known that the proceeds of the loan were to be use by the borrower to purchase equipment and upgrade its network.

More specifically, Beltelecom planned to use the loan proceeds to expand it data transfer network and provide a moveable inspection complex.

📋 Staff Comments

This CDB loan is not included in the Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020. Since there is no repeatedly-counted risk for the CBD's credit line towards Beltelecom, AidData does not set the project as an umbrella project.

📚 Sources & References

Huawei's Safe City solution for Minsk possible
Huawei’s smart transport system for Minsk
China Development Bank to lend $60 mln to Beltelecom for network upgrade
Belarusian Prime Minister: China is a strategic partner for Belarus
China's Overseas Development Finance, Сегодня в Минсвязи состоялась рабочая встреча Министра связи и информатизации с представителями Государственного банка развития Китая и ООО «Бел Хуавэй Технолоджис» 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

Beltelecom

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