Completed Development AidData Chinese Aid

China Eximbank provides RMB 200 million loan for Section 1 of Letlhakeng-Kang Road Project (Linked to Record ID#105 and ID#109)

¥200M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Botswana
Country	Botswana
Start Date	Jan 01, 2003
End Date	Jun 22, 2028
Duration	9,304 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`119`

Grant Description

China Eximbank provides RMB 200 million loan for Section 1 of Letlhakeng-Kang Road Project In 2003, China Eximbank and the Government of Botswana signed an RMB 200 million loan agreement for Phase 1 of the Letlhakeng-Kang Road Project (莱特哈肯-康公路(第一阶段)).

📋 Loan / Grant Terms

💰 Loan Amountcarried the following borrowing terms: a 15 year maturity

📅 Maturity15 years

⏳ Grace Period5 years

💹 Interest Rate3%

Its final maturity date is September 21, 2018. The project involved the construction of a 123 km road segment (“Section 1”) from Letlhakeng to Dutlwe. It was part of a larger 257 km Letlhakeng-Kang Highway Project. Shanxi Construction Engineering Group Corporation was the contractor responsible for implementation.

Construction began in 2003 May and ended in 2005 May.

Section 2 of the Letlhakeng-Kang Highway Project, which ran from Dutlwe to Kang (Morwamosu), was also funded by China Eximbank through two separate loans (as captured via Record ID#109 and Record ID#105).

📋 Staff Comments

This project is also known as the Section 1 of the Letlhakeng-Kang Highway Project, the Letlhakeng-Dutlwe Road Project, and the 123 km Letlhakeng-Dutlwe Section of the Letlhakeng-Kang Highway Project. The Chinese project title is 莱特哈肯-康公路(第一阶段).
In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it records the maturity of this loan as 12-years. AidData relies on the maturity (15-years) that is recorded by Botswana’s Ministry of Finance and Economic Development.
Parliament's authorization of the loan agreement can be accessed via https://www.botswanalaws.com/StatutesActpdf/2003Actpdf/LETLHAKENG%20-%20KANG%20(SECTION%201)%20ROAD%20PROJECT%20LOAN%20(AUTHORISATION)%20ACT,%207%20OF%202003.pdf

📚 Sources & References

http://www.finance.gov.bw/templates/mfdp/file/File/DEBT%20PUBLISH.pdf
Letlhakeng-Kang Road Construction Phase One
Botswana Development Assistance Management Information System
丁孝文大使赴莱康公路二期工程项目工地视察
刘焕兴大使出席我国援博公路纪念碑揭幕仪式
LETLHAKENG - KANG (SECTION 1) ROAD PROJECT LOAN(AUTHORISATION) ACT, 2003
ANNUAL STATEMENTS OF ACCOUNTS (ASA) FOR THEFINANCIAL YEAR ENDED 31 MARCH 2018
Government of Botswana External Debt Tables 2010
Annual Statement of Accounts For the Financial Year Ended 31 March 2016
Building Bridges: China's Growing Role as Infrastructure Financier for Sub-Saharan Africa
中国对外开放30周年回顾展
Annual statements 2015
ASA 2016
ASA 2017, asa 2019, asa 2020
ASA 2021
ASA 2022 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.