Active Development AidData Chinese Aid

China Development Bank provides loan for Oversized Tire Factory Reconstruction Project (Linked to Record ID#66783)

Funder	China Development Bank (CDB)
Recipient Organization	JSC JSSB Belarusbank
Country	Belarus
Start Date	Jan 01, 2015
End Date	Oct 13, 2032
Duration	6,495 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66935`

Grant Description

China Development Bank provides loan for Oversized Tire Factory Reconstruction Project On May 10, 2015, China Development Bank opened a $300 million credit line with Belarusbank — a state-owned bank — to finance an unspecified set of infrastructure projects in Belarus (captured in Record ID#66783).

CDB subsequently approved a subsidiary loan under this credit line to support the Belshina Oversized Tire Factory Reconstruction Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

Belarusbank on-lent the proceeds of the CDB loan to a state-owned company called JSC Belshina [ОАО «Белшина» or Belshina OJSC]. JSC Belshina then used the loan proceeds to purchase equipment from a Chinese firm. The first loan disbursement took place in April 2016. The oversized tires that are produced by JSC Belshina support 450-ton BelAz dump trucks.

The tires are produced at a factory in the industrial city of Babruysk (Bobruisk).

📋 Staff Comments

The Russian project title is реконструкция Завода крупногабаритных шин на Белшине. The CDB loan that supported this project is not included in the Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020. The Government of Belarus has a 99.95% ownership stake in JSC Belshina, which is now one of the five largest tire manufacturers in the world (and was the largest tire factory in the Soviet Union).

📚 Sources & References

За китайской стеной
Industries to use Chinese loans identified in Belarus
History of the bank, Китайские кредиты: градусник здоровья белорусской экономики, Оглавление, «У нас с Китаем — общая граница». Как Беларусбанк инвестирует китайские деньги - infobank.by
Belshina report 2019
Belarusbank signs important documents with Chinese partners
Belarusbank hosts Belarus-China seminar
China's Overseas Development Finance 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.