Completed Development AidData Chinese Aid

Chinese Government provides RMB 136.12 million interest-free loan for Phase 1 of National Stadium Construction Project (Linked to Record ID#56498, #56508, #56521, #72794)

¥136.12M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Cabo Verde
Country	Cabo Verde
Start Date	Nov 11, 2009
End Date	Oct 03, 2026
Duration	6,170 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`21687`

Grant Description

Chinese Government provides RMB 136.12 million interest-free loan for Phase 1 of National Stadium Construction Project On November 11, 2009, the Chinese Government and the Government of Cape Verde signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 136,120,000 ($20.7 million) interest-free loan for the Phase 1 of National Stadium Construction Project.

China’s Ministry of Commerce (MOFCOM) was the source of funding.

Phase 1 involved the construction of a 10,000-seat stadium — equipped with FIFA-certified synthetic grass, a running track, changing rooms, press and physiotherapy rooms, medical and security offices, and a public broadcasting system — in the town of Monte Vaca within the Achada São Filipe municipality.

Its precise locational coordinates are 14°58′32.48″N 23°31′50.47″W.

Huashan International Engineering Co. and China Railway 14th Bureau Group Co., Ltd. — a subsidiary of China Railway Construction — were the contractors responsible for implementation. A project commencement ceremony took place on October 21, 2010 and construction was scheduled to last 20 months.

The originally anticipated project completion date was June 2012 but design changes delayed the implementation of the project.

The project passed final MOFCOM inspection on October 3, 2013 and a stadium opening ceremony was held on August 23, 2014. The stadium hosted its first international soccer competition on September 10, 2014.

A project completion certificate was signed by the two governments on November 22, 2013 and a project handover ceremony took place on August 31, 2015.

The Chinese Government also provided a loan for Phase 2 of this project, which involved an expansion in the capacity of the stadium from 10,000 seats to 15,000 seats (as captured via Record ID#56498).

Additionally, the Chinese Government financed the construction of an access road to the stadium in 2014 (as captured via Record ID#56521) and two technical cooperation projects in 2015 (as captured via Record ID#56508) and 2017 (as captured via Record ID#72794).

📋 Staff Comments

The Chinese project title is 佛得角体育场全景 or 中国援建的佛得角国家体育场. The Portuguese project title is Estádio Nacional de Cabo Verde.
The interest-free loan that MOFCOM issued in 2009 for Phase 1 of the National Stadium Construction Project is not included in the database of Chinese loan commitments to African governments that SAIS-CARI released in 2020. AidData currently codes this project as though it was funded through a single interest-free loan. However, some sources suggest that the Chinese Government’s RMB 136.12 million financial commitment for this project was fulfilled with a mix of funding from grants and interest-free loans. This issue merits further investigation.
Since the borrowing terms of the interest-free loan are unavailable, AidData has set the 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

佛得角与中国签署建设国家体育场的协议
援佛得角体育场项目奠基仪式隆重举行
Building on Ambition – China helps build Cape Verde after independence
Features Countries Macau Pearl River Delta About Us Contact Us Download MacauHub mobile app (iOS version) Download MacauHub mobile app (Android version) MACAO Magazine Cape Verde and China sign agreement to build national stadium
中国援建的佛得角国家体育场正式启用为佛国家足球队带来好运
佛得角隆重举行中国援建国家体育场启用庆典
佛得角总统视察我援建的国家体育场
援佛得角国家体育场项目通过竣工验收
Chinese contractor finishes building Cape Verde’s national stadium in October 2013
Laying today the first stone of the National Stadium
China e Cabo Verde assinam contrato para a construção do Estádio Nacional
佛得角隆重举行中国援建国家体育场启用庆典
援佛得角国家体育场项目通过竣工验收
援佛得角国家体育场项目
佛得角国家体育场
佛得角国家体育场
China concedeu empréstimo sem juros a Cabo Verde
佛得角体育场全景
我国援建佛得角国家体育场成功举办佛得角第四届地方经济发展世界论坛
Embaixador da China entrega Estádio Nacional de Cabo Verde
Cabo Verde inaugura Estádio Nacional
China entrega Estádio Nacional
Estádio financiado pela China em Cabo Verde inaugurado a 23 de Agosto
Estádio Nacional é uma das maiores obras construídas em Cabo Verde
China entrega a obra do Estádio Nacional ao Governo de Cabo Verde
Governo lança 1ª pedra para construção do Estádio Nacional
Cabo Verde e China assinam acordo para construção do Estádio Nacional
Estádio Nacional de Cabo Verde
佛得角：中国计划加强与佛得角的合作, http://www.cabonet.org/news/business/239-j-morais-named-ambassador-to-china.html, http://www.ipim.gov.mo/group_detail.php?tid=26218&type_id=1715&lang=en-us
援佛得角国家体育场项目
援佛得角国家体育场项目通过竣工验收
佛得角隆重举行中国援建国家体育场启用庆典 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 Cabo Verde

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