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BCC East HCMC

Sector: Commercial • Location: Vietnam

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

MIGA issued $10 million in guarantee coverage to France Cables et Radio Vietnam Pte. Ltd. for its nonequity direct investment, via a business cooperation contract, with the state-owned Vietnam Post and Telecommunications agency. The guarantee is protecting the investor against the risk of transfer restriction. The contract calls for the two companies to work together (on a build-and-transfer basi

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Project Information

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The project “BCC East HCMC” is an infrastructure initiative in the Commercial sector, located in Vietnam. Taiyo aggregates data on it from Multilateral Investment Guarentee Agency (MIGA).

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Participants

Sponsoring Agency

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Status

Original status

not active

Taiyo status

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Taiyo last update

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Contact

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Description

Description

MIGA issued $10 million in guarantee coverage to France Cables et Radio Vietnam Pte. Ltd. for its nonequity direct investment, via a business cooperation contract, with the state-owned Vietnam Post and Telecommunications agency. The guarantee is protecting the investor against the risk of transfer restriction. The contract calls for the two companies to work together (on a build-and-transfer basis) to construct, install, and maintain at least 540,000 new fixed telephone lines in East Ho Chi Minh City over a 15-year period. The project area should see a major boost in the number of lines per person (teledensity) by 2003, with an increase of 20,000 lines in the city's rural outskirts. Teledensity, currently at 5 percent, is expected to reach 21 percent by the project's completion in 2005. The project sponsor also plans to spend about $1 million a year to train local staff.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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