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Bank of China provides $69 million loan for Dong Lam Cement Plant Construction Project
| Funder | Bank of China (BOC) |
|---|---|
| Recipient Organization | Dong Lam Cement Joint Stock Company |
| Country | Viet Nam |
| Start Date | Dec 10, 2009 |
| End Date | Apr 11, 2028 |
| Duration | 6,697 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 92150 |
Grant Description
Bank of China provides $69 million loan for Dong Lam Cement Plant Construction Project On December 10, 2009, Bank of China and Dong Lam Cement Joint Stock Company signed a $69,007,737.05 loan agreement for the Dong Lam Cement Plant Construction Project.
The loan’s first repayment date was June 1, 2013 and its last repayment date was December 1, 2019. The Government of Vietnam issued a sovereign guarantee in support of the loan.
The proceeds of the loan were to be used by the borrower to partially finance a commercial (EPC) contract (worth USD 81.19 million plus EUR 9.15 million) between Dong Lam Cement Joint Stock Company and Tianjin Cement Industry Design & Research Institute Co., Ltd. (TCDRI), which was signed in August 2009.
The purpose of the project was to construct a cement plant — in the province of Thua Thien Hue, about 30 km north-west of the old imperial city of Hue — with the ability to produce 5,0000 tons of cement per day. TCDRI was the contractor responsible for implementation.
Project implementation commenced on May 2012 and the project was officially completed and handed over to its owner on March 15, 2014.
Staff Comments
- For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.
- The Chinese project title is 越南同林项目.
- Dong Lam Cement Joint Stock Company is also known as CT CP XM Đồng Lâm or CÔNG TY CỔ PHẦN XI MĂNG ĐỒNG LAM
Sources & References
- Luật nghĩa vụ quân sự 2015 số 78/2015/QH13 mới nhất 2022
- CỘNG HÒA XÃ HỘI CHỦ NGHĨA VIỆT NAM
- Công văn 1932/TCT-KK của Tổng cục Thuế về chính sách thuế đối với lãi vay
- Grinding equipment for Vietnam and Tunesia
- 中国中材国际工程股份有限公司 2009 年年度报告
- NA
- Sinoma International International Engineering Co Ltd Engineering Co.
- Ltd.
- 石稳龙到越南同林项目视察指导工作
- 天津院承建的越南同林
- DONGLAM
- NA 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
Dong Lam Cement Joint Stock Company
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