Completed Development AidData Chinese Aid

Chinese Government provides RMB 60 million interest-free loan — via ETCA — for Senate Building Construction Project (Linked to Record ID#60483 and ID#60606)

¥60M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Gabon
Country	Gabon
Start Date	Nov 20, 2001
End Date	Nov 30, 2031
Duration	10,967 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1588`

Grant Description

Chinese Government provides RMB 60 million interest-free loan — via ETCA — for Senate Building Construction Project On December 13, 2000, the Chinese Government and the Government of Gabon signed an Economic and Technical Cooperation Agreement (ETCA or 经济技术合作协议), which committed an RMB 50 million interest-free loan for the Senate Building Construction Project.

Then, on November 20, 2001, the Chinese Government and the Government of Gabon signed an Economic and Technical Cooperation Agreement (ETCA), which committed an additional RMB 60 million interest-free loan for the Senate Building Construction Project.

Then, on August 21, 2006, the Chinese Government and the Government of Gabon signed an Economic and Technical Cooperation Agreement (ETCA), which committed an additional RMB 50 million interest-free loan for the Senate Building Construction Project. Record ID#60483 captures the RMB 50 million interest-free loan in 2000.

Record ID#1588 captures the RMB 60 million interest-free loan in 2001. Record ID#60606 captures the RMB 50 million interest-free loan in 2006.

This project involved the construction of the Omar Bongo Ondimba Palace Senate Building (also known as Palais Omar Bongo Ondimba) on a plot of 44,075 m2 in the capital city of Libreville. Shanghai Construction Group was the contractor responsible for implementation. A foundation laying ceremony took place in the presence of the Gabonese President on May 25, 2001.

However, construction did not begin until July 24, 2003. A project completion ceremony took place on November 4, 2005.

📋 Staff Comments

This project is also known as the Omar Bongo Ondimba Palace Senate Building Construction Project. The Chinese project title is 我援加蓬参议院大厦项目. The Chinese Government also committed an RMB 30 million interest-free loan for this project on October 11, 1999.
Since the borrowing terms for 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

http://dspace.cigilibrary.org/jspui/bitstream/123456789/29914/1/China%252520and%252520Gabon%252520a%252520growing%252520resource%252520partnership.pdf?1, http://news.sohu.com/96/89/news205048996.shtml, http://search.proquest.com.gate2.library.lse.ac.uk/docview/192434336/13E7F9561641AE9E714/9?accountid=9630
The Sino-Gabonese Friendship in the Spotlight
Libreville
综述：中国和加蓬关系蓬勃发展
MINSTERE DES AFFAIRES ETRANGERES
DE LA FRANCOPHONIE
DE L'INTEGRATION REGIONALE ET DES GABONAIS DE L'ETRANGER
中国援助加蓬参议院大厦竣工典礼隆重举行
加蓬总统出席武汉建筑设计院设计的加蓬参议院大厦竣工仪式
中国援建项目在加蓬（图）
邦戈总统为我援加蓬参议院大厦竣工剪彩
Zone Asie
Execution dette 2010 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.