Completed Development AidData Chinese Aid

Chinese Government provides RMB 500 million interest-free loan for Zimpeto National Stadium Construction Project

¥500K RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Mozambique
Country	Mozambique
Start Date	Feb 08, 2007
End Date	Jul 07, 2028
Duration	7,820 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1206`

Grant Description

Chinese Government provides RMB 500 million interest-free loan for Zimpeto National Stadium Construction Project On February 8, 2007, the Chinese Government provided an interest-free loan to the Government of Mozambique for the Zimpeto National Stadium Construction Project.

The Chinese Government also committed several additional interest-free loans for this project, which reportedly totaled to RMB 500 million. This project involved the construction of a stadium with 42,000 seats in the outlying Maputo suburb of Zimpeto. Anhui Foreign Economic Construction Group (AFECC) was the contractor responsible for implementation.

A groundbreaking ceremony took place on April 22, 2008. However, construction did not begin until November 2008.

Construction ended in November 2010 and the project was officially completed and handed over to the authorities on January 17, 2011. An opening ceremony for the stadium was then held on May 23, 2011.

📋 Staff Comments

The Chinese project title is 莫桑比克国家体育场项目. The Portuguese project title is Estádio Nacional do Zimpeto.
Since the borrowing terms of the interest-free loan are unavailable, AidData has set maturity to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

Document%2525252520AFNWS00020100114e61e001p8
Document%2525252520AFNWS00020090303e533001bm
Document%2525252520AFNWS00020081118e4bi0018o, http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=business&id=20756&tipo=one, http://www.600496.com/en/80.aspx?ID=683
China to Cancel Debts
China to Build National Stadium for Mozambique, http://www.ccs.org.za/wp-content/uploads/2011/01/Weekly-China-Briefing-21-January-2011.pdf
Delegation of the Ministry of Youth and Sports visits the People's Republic of China
China-aided Mozambique National Stadium will be Officially Put into Use
China’s ‘Stadium Diplomacy’ In Africa And Its Top Beneficiaries
MAPUTO - Zimpeto Stadium (42,000)
Mozambique : National Stadium Will Not Be Ready Before World Cup
Estádio Nacional do Zimpeto
Feature: China-aided infrastructure promotes Mozambique's development
Africa: China Makes Its Contribution to the Sports of African Countries - Visit to the National Stadium of Mozambique, 8 major aid projects by China in Africa
China the master stadium builder
Roses and thorns in the relationship
China forgives $ 36 million of Mozambique's debt exceeding $ 2 trillion
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Liu Xiaohui
Counselor of Mo-Commerce, expressed my condolences to the Mozambican National Stadium Project Team
Director Wang Shichun of the Ministry of Commerce inspected the Chinese aid Mozambique project
Ambassador Tian Guangfeng attended the groundbreaking ceremony of the Mozambique National Stadium project
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中国为非洲体育事业添砖加瓦--走访莫桑比克国家体育场 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.