SIGNIFICANT PROJECTS BACKED BY BOC

JAKARTA-BANDUNG HIGH-SPEED RAILWAY

Using Chinese technologies, standards and equipment, the high-speed railway in Indonesia is a milestone project relating to the Belt and Road Initiative. Constructed by a joint venture between China Railway Group and an Indonesian company, the 142-kilometer railway has received crucial support from Bank of China, which, as a lending agency bank, has facilitated funds payment totaling about $4.5 billion for the project and provided other services like deposit and cash management.

CHINA-LAOS RAILWAY

A flagship project in China-Laos cooperation, the railway linking Kunming and Vientiane was the first railway project between China and Laos mainly using Chinese financing and built and operated by Chinese companies. BOC is the major banking partner for this project, providing clients with settlement and clearing services totaling 17 billion yuan. It has also provided account services for a great number of upstream and downstream enterprises relating to the railway.

THE LARGEST SOLAR FARM IN HUNGARY

Backed by financing from BOC, the 100-megawatt solar power facility mainly invested in by China's CNMIE and CNIC Investment is by far the largest single-plant solar power project in Hungary. The project has been praised by locals as "bringing great environmental and social benefits". BOC's financing agreement for this project was included in the list of achievements announced at the 2021 Summit of China and Central and Eastern European Countries.

THE MODERNIZATION OF THE ALL-IP FIXED COMMUNICATION NETWORK IN SERBIA

In June 2016, BOC signed an agreement with Telecom Serbia on the first-phase financing of its fixed communication network modernization project. With the support from BOC, the project has been implemented for two phases and the bank said that further collaboration will follow in the future. Telecom Serbia is the largest telecom operator in this country.

EAST COAST RAILWAY IN MALAYSIA

The railway is one of the largest transport infrastructure projects built in Belt and Road regions and also one of the largest projects constructed by Chinese companies overseas. With a total investment of about $11 billion, it is scheduled to be completed in 2026. BOC is one of the major financial service providers for the project.

THE 1.5-GIGAWATT SOLAR POWER PROJECT IN ABU DHABI

The facility in the capital city of the United Arab Emirates is currently the largest single-plant solar power generation project in the world. Built by a joint venture between China's Jinko Power and Electricite De France, the project is supported by a syndicated loan of $860 million, with $125 million contributed by BOC.

THE 950-MEGAWATT THERMAL-PHOTOVOLTAIC-INTEGRATED SOLAR POWER PROJECT IN DUBAI

The project in Dubai, the UAE, is another significant solar power project in the Middle East. It is supported by a syndicated loan worth $2.5 billion from a consortium led by BOC. BOC's contribution was $600 million.

THE 1-GIGAWATT WIND POWER FACILITY IN BUKHARA, UZBEKISTAN

With a total investment of $1.35 billion, the project in Uzbekistan's Bukhara region is the largest single-plant wind power project in Central Asia. When it is completed, it will be capable of generating 3.5 billion kilowatt-hours of electricity annually. The project is supported by a syndicated loan of $900 million offered by a consortium led by BOC. BOC's contribution was $136.5 million.

CHANCAY PORT IN PERU

The port is the first large transport infrastructure project developed by Chinese companies in Peru. When it is completed, it is expected to be a major transport and logistics hub in the coasts of South Pacific. It is supported by a syndicated loan of $975 million offered by a consortium led by BOC.

SOCIAL RESPONSIBILITY

BOC has sponsored a scholarship for the Franz Liszt Academy of Music in Hungary for eight consecutive years, benefiting 10 outstanding Hungarian and international students annually. It also donated money for the upgrade of the Hungarian-Chinese Bilingual School in Budapest in 2016 and 2019. It again donated another 780,000 yuan ($106.782) to the school this year for digitalized teaching.

THE SYR RIVER 1,500-MEGAWATT GAS-FUELED POWER PROJECT IN UZBEKISTAN

This was the first independent power project using foreign investment approved by the government of Uzbekistan and also a milestone energy project in the country. Scheduled to be operational by the end of this year, the project is supported by a syndicated loan of $747 million offered by a consortium, to which BOC's contribution was $210 million.

COMPREHENSIVE FINANCIAL SERVICE

In December 2021, BOC, as the sole underwriter and book runner, helped Hungary issue 1 billion yuan ($137.1 million) worth of Panda Bond in China, which was the first green sovereign bond in the market. In December 2019, BOC, as the sole investment bank, helped Saudi Aramco go public on the Saudi Arabia's stock exchange Tadawul, which was the largest initial public offering worldwide. In September 2023, BOC issued the world's first BRI-themed green bond, with funds raised to be used in qualified green projects in Belt and Road regions.

DOBOJ HOSPITAL IN BOSNIA AND HERZEGOVINA

The hospital located in the city of Doboj is one of the major livelihood projects built in Bosnia and Herzegovina in recent years. It is supported by a loan package of 41 million euros ($43.31 million) offered by BOC.