Active Development AidData Chinese Aid

China Eximbank provides RMB 50 million government concessional loan for Mobile Network Project (Linked to Record ID#2482)

¥50M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Société Nationale des Telecommunications (Tunisie Télécom)
Country	Tunisia
Start Date	Jan 20, 2006
End Date	Nov 27, 2027
Duration	7,981 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85263`

Grant Description

China Eximbank provides RMB 50 million government concessional loan for Mobile Network Project On January 20, 2006, the Export-Import Bank of China (China Eximbank) and the Société Nationale des Telecommunications (Tunisie Télécom) — a state-owned telecommunications company — signed an RMB 50 million ($6 million) government concessional loan (GCL) agreement for the Mobile Network Project.

The signing of the GCL agreement followed the signing of an RMB 350 million preferential loan framework agreement with the Government Tunisia on June 21, 2004 (as captured via Record ID#2482).

📋 Loan / Grant Terms

💰 Loan Amountcarried a maturity of 15 years and an interest rate of 2%

It grace period is unknown.

The proceeds of the loan were to be used by the borrower to finance a commercial contract (No. 13/2004) between Tunisie Télécom and Huawei Technologies Co., Ltd., which was signed on August 26, 2005. The purpose of the project was to build a mobile phone network for Tunisie Télécom in Tunisia.

There is some evidence in the December 2010 individual and consolidated financial statements of Tunisie Télécom that this project was implemented. However, precise implementation start and end dates are unknown.

📋 Staff Comments

The Chinese project title is 华为公司在99/2003号国家传输干线项目 or 号国家传输干线项目 or 电信项目 or 援突尼斯国家电信公司13/2004号国际招标项目.
In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it does not identify the interest rate or the maturity length of the the China Eximbank loan that supported this project. AidData records the interest rate (2%) and the maturity (15-years) that are reported by China’s Ministry of Commerce (MOFCOM).
In 2006, Tunisia’s telecommunication sector went through a privatization process and a 35% ownership stake in Tunisie Télécom was sold to Dubai Investment Group (DIG) and a consortium known as TECOM [previously known as EIT or Emirates International Telecommunications (Tunisia) FZ - LLC].

📚 Sources & References

Chinese Loans to Africa Database
商务部关于请承担援突尼斯国家电信公司13/2004号国际招标项目任务的通知
华为进军突尼斯电信市场
Document De Reference
电信战非洲, lawView
Rapport sur la Dette Publique Annee 2005
Document de référence de Tunisie Telecom
Aiding Transparency: What We Can Learn About China ExIm Bank’s Concessional Loans
中国进出口银行优惠贷款支持突尼斯电信项目
Telecom Wars Africa 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

Société Nationale des Telecommunications (Tunisie Télécom)

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