Chinese Government donates 2 luxury vehicles for Victory Day Parade

¥10M RMB

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Belarus
Country	Belarus
Start Date	Apr 08, 2015
End Date	Mar 28, 2032
Duration	6,199 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66830`

Grant Description

On April 8, 2015, the Chinese Government donated two FAW HongQi L5 (“Red Banner”) grand vehicles to the Government of Belarus ahead of its Minsk Victory Day Parade.

The vehicles reportedly have an estimated value of RMB 5 million each and they were financed with a military grant from the Chinese Government.

📋 Staff Comments

First released in 2013 at the Shanghai Auto Show, the L5 is renowned for currently being the most expensive Chinese-made car ever available for purchase. Each vehicle reportedly costs RMB 5 million ($800,000 or £580,000).

📚 Sources & References

‘Free military aid’ ahead of Victory Day: China grants two luxury cars to Belarus, «ПАРАД, РАВНЯЙСЬ, СМИРНО!»
Hongqi L5 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.