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China Eximbank provides RMB 150 million loan for Phase 1 of Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project (Linked to Record ID#109 and #119)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Botswana |
| Country | Botswana |
| Start Date | Apr 24, 2006 |
| End Date | Dec 08, 2032 |
| Duration | 9,725 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 105 |
Grant Description
China Eximbank provides RMB 150 million loan for Phase 1 of Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project In November 20, 2005, China Eximbank and the Government of Botswana signed an RMB 160 million loan framework agreement for Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project.
On April 24, 2006, China Eximbank and the Government of Botswana signed an RMB 150 million loan agreement for Phase 1 of Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project.
Its final maturity date is March 21, 2022.
Then, in 2007, the China Eximbank and the Government of Botswana signed an RMB 136,637,850 loan agreement for Phase 2 of Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project.
Its final maturity date is September 21, 2022.
This project captures the RMB 150,000,000 loan for Phase 1 of Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project, while project 109 captures the RMB 136,637,850 loan for Phase 2 of Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project. Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project cost approximately $40 million in total.
It involved the construction of a 134 road segment from Dutlwe to Morwamosu that passes through Kweneng District, Southern District, and Kgalagadi District.
More specifically, it involved the construction of a 95.74 km main road (9.7 meters wide), 7.07 kilometers of additional roads (7.0 meters wide), 31 km of connecting roads, and 119 culverts. Section 1 of the larger 257 km Letlhakeng-Kang Highway Project was also financed by China Eximbank (see Record ID#119).
China Construction Botswana Co.
Ltd. (中建博茨瓦纳有限公), a subsidiary of China State Construction Engineering Corporation, was the contractor responsible for the implementation of Phases 1 and 2 of Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project. Construction began in April 2006 and ended in 2009. A road opening ceremony took place in Boonen within Dutlwe District on November 27, 2010.
Staff Comments
- This project is also known as the Section 2 (Dutlwe-Kang/Morwamosu) of the Letlhakeng-Kang Road Project or 134 km Letlhakeng-Kang-Dutwe-Morwamosu Highway Project or 134 km Letlhakeng-Morwamosu Highway Project.
- The Chinese project title is 莱特哈肯--克昂公路项目 or 莱特哈肯-康公路（二期).
- In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it records the China Eximbank loan for Phase 1 of Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project. However, it does not include the China Eximbank loan for Phase 2 of Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project. Also, for the China Eximbank loan that supported Phase 1 of Section 2 (Dutlwe-Morwamosu) of the Letlhakeng-Kang Road Project, SAIS-CARI records a maturity of 15-years and a grace period of 3-years. AidData records the borrowing terms (15-year maturity, 6-year grace period, and 3% interest rate) that are reported by Botswana’s Ministry of Finance in its “Annual Statement of Accounts (ASA) for the Financial Year Ended 31 March 2016.
- Parliament's authorization of the loan agreement can be accessed via https://www.botswanalaws.com/StatutesActpdf/2006Actpdf/CONSTRUCTION%20OF%20THE%20DUTLWE%20-%20MORWAMOSU%20ROAD%20(LOAN)%20(RATIFICATION)%20ACT,%2019%20OF%202006.pdf
Sources & References
- http://www.fmprc.gov.cn/chn/gxh/cgb/zcgmzysx/fz/1206_4/1206x1/, http://global.factiva.com/redir/default.aspx?P=sa&an=afnws00020030315dz3e000h1&cat=a&ep=ASE, http://www.ppadb.co.bw/tender_awards_tab_hist.html, http://www.sourcejuice.com/1405829/2010/12/07/Botswana-China-Building-construction-completed-road-Dutlwe-Morwamosu/, http://www.finance.gov.bw/templates/mfdp/file/File/DEBT%20PUBLISH.pdf
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