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Chinese Government commits RMB 50 million interest-free loan — through an ETCA — in August 2009 for various projects (Linked to Record ID#57118)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Burundi |
| Country | Burundi |
| Start Date | Aug 21, 2009 |
| End Date | May 20, 2029 |
| Duration | 7,212 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 12303 |
Grant Description
Chinese Government commits RMB 50 million interest-free loan — through an ETCA — in August 2009 for various projects On August 21, 2009, the Chinese Government and the Government of Burundi signed an Economic and Technical Cooperation Agreement (ETCA), which provided an RMB 50 million interest-free loan for a Presidential Palace Expansion Project (see Record ID#57118) and other projects to be determined by the two governments.
Under the terms of the ETCA, the loan was to be repaid over a period of ten years beginning in September 2019. In 2008, China planned to build a presidential palace in Gasenyi (north of Bujumbura).
In November 2010, the Burundi government and Chinese Ambassador to Burundi Yu Xuzhong signed an agreement on the China-funded construction of the presidential palace in Gasenyi. The building is located 8 km northeast of Bujumbura's city center. The groundbreaking ceremony for the presidential palace was held on December 21, 2015.
The inauguration of the presidential palace was held on September 27, 2019.
Sources & References
- China to Begin Constructing Burundi's Presidential Palace in Early 2011
- China diversifies cooperation in Burundi
- China-funded Burundi palace project to begin in 2014
- 中布两国政府新签一项经济技术合作协定
- 中国和布隆迪签署经济技术合作协定
- PRESS RELEASE OF THE MEETING OF THE COUNCIL OF MINISTERS ON WEDNESDA Y 21 AND THURSDA Y 22 JANUAR Y 2015
- The Year 2015, http://global.factiva.com/aa/?ref=BBCAP00020081009e4a9001xj&pp=1&fcpil=en&napc=S&sa_from=
- LOI N°1/ 007 DU 05 MARS 2015
- China-aided Burundi Presidential Palace Project Held Opening Ceremony
- 中国政府援助布隆迪总统府项目举行开工仪式 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.
All Grantees
Government of Burundi
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