HyalRoute Fiber Optic Cable Network Project (MIGA-HYALROUTEFIBEROPTI)

Countries
  • Myanmar
Where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 10, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
International Lender to be Determined
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 105.74 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 105.74 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Jan 31, 2019

Disclosed by Bank Sep 26, 2016


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Project Description

According to the bank document, the Project consists of the installation and maintenance of 4,500 km of underground fiber optic cable (FOC) backbone network (hereafter referred to as 'the Project') by Myanmar Fiber Optic Communication Network Co., Ltd. (MFOCN). MFOCN, the project company, is a subsidiary of HyalRoute Communication Group Ltd. (HyalRoute).

The Project is stage 1 of Phase II of a program to install underground FOC backbone network across Myanmar. Stage 1 is expected to be completed by the end of 2017. Bank of China (Hong Kong) Ltd. (BOC (HK)) has requested that MIGA provide a guarantee for its non-shareholder loan (including interest) to MFOCN to finance stage 1 of Phase II.

Installation of FOC involves digging a trench approximately 50 cm wide and 1.2 - 1.5 m deep, laying the FOC and then backfilling the trench. In urban areas, FOC is duct buried, and in urban outskirts and rural areas, the FOC is directly buried.

The FOC network includes the construction of 'core facilities', where FOC connects to communications equipment. Two types of core facilities will be built: Type A (200 m2) and Type B (60 m2). Both facilities will include a base transceiver station (BTS), electricity transformer, backup generator and an area reserved for telecommunication towers (if required).

Type A core facilities will also have an equipment laydown area and accommodation for the maintenance teams. Core facilities have a dual purpose: i) to provide greater capacity for the operators in the telecommunication sector and ii) to improve both outdoor and indoor coverage for service providers.

 

Investment Description
  • Multilateral Investment Guarantee Agency (MIGA)
Private Actors
Contact Information

Project Contact

Contact: Mr. Lin Chao Hsiang (Roye)

Position: PR Department  

Email: lin.chaohsiang@mfocn.com.mm

Contact: Mr. Stanley Jiang

Position: Project Coordinator

Email: stanley.jiang@hyalroute.com

Compliance Advisor/Ombudsman - International Finance Corporation
2121 Pennsylvania Avenue NW
Room F11K-232 Washington, DC 20433 USA
Tel: 1 202 458 1973
Fax: 1 202 522 7400
E-mail: cao-compliance@ifc.org

ACCOUNTABILITY MECHANISM OF MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/