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CDB provides EUR 120 million loan for Automobile Mould & Die Manufacturing Project and Truck Axles Manufacturing Project
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Myanmar (Burma) |
| Country | Myanmar |
| Start Date | Jun 01, 2012 |
| End Date | Dec 09, 2026 |
| Duration | 5,304 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 85489 |
Grant Description
CDB provides EUR 120 million loan for Automobile Mould & Die Manufacturing Project and Truck Axles Manufacturing Project In June 2012, China Development Bank issued an EUR 120 million loan to the Government of Myanmar for the Automobile Mould & Die Manufacturing Project and Truck Axles Manufacturing Project.
The proceeds of the loan were to be used by the borrower to finance an EPC contract that the Government of Myanmar signed with CATIC Beijing Co., Ltd.
The purpose of the project was to build an axle manufacturing line and an automobile mould and die manufacturing line — for light, medium and heavy trucks — in the city of Naypyidaw. The Myanmar axle and mold production line project was signed in June 2012 and started in the same year.
The project commenced during the second half of 2012 and the automobile mould and die manufacturing line was inaugurated in June 2015. The project secured a final acceptance certificate (FAC) on March 30, 2016.
This project is also known as the Myanmar Axle and Mold Production Line Project or the Automobile Mould & Die Manufacturing Project and Truck Axles Manufacturing Project. The Chinese project title is 缅甸车桥和模具生产线项目.
Sources & References
- ြပည်äထာင ်စâသမ္မတြမန်မာနိâင်ငæäတာ်အစ ိâးရ အမျိုးသားစီမæကိန်းနှင့် စ ီးပွားäရးဖွæ ့ðဖိုးတိâးတက ်မĂဝန်ñကီးဌာန
- AVIC International Beijing Company's Myanmar Axle and Mould Production Line Project successfully concluded
- Beijing company's Myanmar Axle and Mould Production Line Project was completed
- CATIC Beijing delegation calls on Union Industry Minister
- Ministry of Industry Union Minister receives U Maung Myint CATIC Beijing Co.
- Ltd. Vice President of Mr. Delegation led by Wang Guangjun, 2012-2013 Official Report
- The Global New Light of Myanmar Volume II
- Number 252
- Company Profile
- 副会长李福九
- Pyidaungsu Hluttaw session continues for 18th day. Union Ministers make clarifications, proposal on condolence made, two bills discussed and approved 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
Government of Myanmar (Burma)
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