Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY
 Globalization Forum

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Thursday, December 14, 2000, updated at 16:56(GMT+8)
Business  

Eximbank Supports Congo (Kinshasa) Telecom Project

The China Export and Import Bank (Eximbank) signed an agreement Thursday, December 14, with the Ministry of Finance of Congo (Kinshasa) on a concessional loan of 80 million yuan Renminbi.

The loan will be used to support a telecommunications joint-venture between China's ZTE Corporation and the Ministry of Post and Telecommunications of Congo (Kinshasa).

A spokesman for Eximbank said that the joint-venture, titled Congo-China Telecom S.A.R.L, will be based in Kinshasa, Congo's capital, and will manage Congo's domestic telecommunications businesses including mobile telecommunications, long-distance calls and international exchange.

The budget for the project is 164 million yuan RMB, he said.

ZTE Corporation is China's State-owned shareholding company, whose telecommunications equipment garners some 30 percent of the telecommunications capacity in the Chinese market, and it has a number of large telecommunications projects in Pakistan, Bangladesh, Libya and other countries.

ZTE Corporation holds 51 percent of the shares in the Congo project, with a cooperating term of 30 years.

In 1997 the two governments signed a framework agreement on the concessional loans, according to which the Eximbank will provide

200 million yuan in concessional loans for the Congo government.

The spokesman said that so far Eximbank has provided financing services for 72 projects in 36 developing countries.







In This Section
 

The China Export and Import Bank (Eximbank) signed an agreement Thursday, December 14, with the Ministry of Finance of Congo (Kinshasa) on a concessional loan of 80 million yuan Renminbi.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved