Active Development AidData Chinese Aid

China Development Bank offers to finance $300 million of projects for Telecommunications Company of Iran

$300M USD

Funder	China Development Bank (CDB)
Recipient Organization	Tejarat Bank
Country	Iran
Start Date	Jan 01, 2017
End Date	Jul 30, 2032
Duration	5,689 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67116`

Grant Description

China Development Bank offers to finance $300 million of projects for Telecommunications Company of Iran On May 6, 2017, China Development Bank and Tejarat Bank signed a memorandum of understanding (MoU) regarding a possible $300 million term loan to fund projects for the Telecommunications Company of Iran.

📋 Loan / Grant Terms

💰 Loan Amountwere not disclosed

AidData has not identified any evidence that this MOU subsequently resulted in the signing of a loan agreement.

📋 Staff Comments

The Telecommunication Company of Iran, or TCI (Persian: شرکت مخابرات ایران‎), is the fixed-line incumbent operator in Iran offering services in fixed telephony, DSL and data services for both residential and business customers, all throughout the country. It was established in 1971 with a new organizational structure as the main responsible administration for the entire telecommunication affairs.

📚 Sources & References

EJARAT BANK Inks MOU with CDB to Broaden Banking Cooperation
Iran's Tejarat Bank
China Development Bank Sign Project Finance Agreement
Iran Tejarat bank signs co-op document with Chinese bank
Iran Tejarat bank signs co-op document with Chinese bank
Telecommunication Company of Iran - Wikipedia, ca-irnews.com, همکاری بانک تجارت با CDB چین 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.