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China Development Bank provides loan for Trade and Logistics Park Within Great Stone Industrial Park Project
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | CJSC China Merchants CHN-BLR Commerce and Logistics Company |
| Country | Belarus |
| Start Date | Jan 01, 2015 |
| End Date | Apr 21, 2030 |
| Duration | 5,589 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 85146 |
Grant Description
China Development Bank provides loan for Trade and Logistics Park Within Great Stone Industrial Park Project In 2015, China Development Bank issued a loan to CJSC China Merchants CHN-BLR Commerce and Logistics Company (CMCB or 招商局中白商贸物流股份有限公司 or 简称“招商中白) for the Trade and Logistics Park Within Great Stone Industrial Park Project.
CJSC China Merchants CHN-BLR Commerce and Logistics Company is a subsidiary of two Chinese state-owned enterprises: China Merchants Group and China Merchants Logistic Group.
It was registered in Belarus on May 6, 2015, and an official application was filed for the registration of the company in the residents of Great Stone Industrial Park on May 8, 2015.
The company was responsible for building the trade and logistics subpark within Great Stone Industrial Park, which is located in the Smolevichi district between the Petrovichi reservoir and Minsk National Airport (25 km to the east of the capital city of Minsk).
The trade and logistics subpark occupies an area of 100,000 square meters and includes a business center, exhibition center, and warehouses. The $150 million project commenced on December 11, 2015 and was completed in full on May 12, 2017.
Staff Comments
- This project is also known as Phase 1 of the Trade and Logistics Park Within Great Stone Industrial Park Project. The Russian project title is Чайна Мерчантс Китайско-Белорусский Торгово-Логистический Парк or Чайна Мерчантс Китайско-Белорусский Коммерческий и Логистический субпарк. The Chinese project title is 中白商贸物流园 or 的中白商贸物流园项目.
- The face value of the loan is unknown. For the time being, AidData assumes that this $150 million project was financed according to a debt-to-equity ratio of 70:30. This issue warrants further investigation.
Sources & References
- 胡政会见国家开发银行副行长马欣-集团简讯-招商局集团
- 中白工业园招商局商贸物流园商务中心封顶-新华丝路
- 崔启明大使走访中白工业园建设工地
- CMG Logistics Park - Phase I
- Great Stone Industrial Park
- Smolevichy
- Minsk
- Reconnecting Asia
- 胡政会见国家开发银行副行长周清玉-集团简讯-招商局集团
- 中白工业园
- 任飞会见中国国家开发银行欧亚业务部副主任李东亚一行
- 中白工业园首个投资项目——招商局中白商贸物流园启动建设--中华人民共和国驻白俄罗斯共和国大使馆经济商务参赞处, Чайна Мерчантс Китайско-Белорусский Коммерческий и Логистический субпарк успешно получил сертификат на эксплуатацию единственного в Республике Беларусь бондового таможенного склада общего пользования — Великий камень
- 招商局中白商贸物流隆重举行“外派人员岗位交接暨颁奖仪式”
- History of development (06651.by) 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
CJSC China Merchants CHN-BLR Commerce and Logistics Company
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