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Completed Development AidData Chinese Aid

Chinese Government provides $31.5 million grant for acquisition of MA60 aircraft as part of ‘buy one, get one free’ deal (Linked to Record ID#56914)

$31.53M USD

Funder China Ministry of Commerce
Recipient Organization Government of Burundi
Country Burundi
Start Date Jan 01, 2011
End Date Jul 22, 2033
Duration 8,238 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 30063
Grant Description

On September 16, 2011, AVIC International and Burundi’s Ministry of Transport, Public Works and Equipment signed a commercial contract for an MA60 Acquisition Project.

This contract was reportedly part of a “buy one, get one free” deal in which the Chinese Government promised to donate one MA60 from AVIC International on the condition that the Government of Burundi would buy a second MA60 aircraft from the same company.

On June 29, 2012, AVIC International successfully delivered the first MA60 (funded with a Chinese Government grant) to the Government of Burundi.

Then, on August 16, 2013, China Eximbank and the Government of Burundi signed a preferential loan framework agreement for the acquisition of one MA60 aircraft (capable of carrying 56 passengers).

📋 Loan / Grant Terms
💰 Loan Amountwith the following terms: 20 year maturity and 2% interest rate
📅 Maturity20 years
💹 Interest Rate2%

However, it does not appears that a loan agreement was ever finalized.

📋 Staff Comments

- The Chinese project title is 中国产新舟60飞机. - For the time being, AidData uses the face value of the loan pledge (captured in Project ID#56914) to estimate the value of the grant commitment for Project ID#30063.

📚 Sources & References
  • http://www.burundi-gov.bi/Burundi-Transport-Ceremonies-de
  • First MA60 Delivered to Air Burundi
  • Le Premier Vice-Président de la république du Burundi rehausse de sa présence les cérémonies d’accueil du premier avion MA60 acquis par le Gouvernement du Burundi auprès du Gouvernement Chinois.
  • Le Premier Vice-Président de la république du Burundi rehausse de sa présence les cérémonies d’accueil du premier avion MA60 acquis par le Gouvernement du Burundi auprès du Gouvernement Chinois., “新舟”60,布隆迪航空的“第一架”飞机
  • Burundi: Le MA60 Chinois atterrit à Bujumbura.
  • Le Burundi réceptionne un avion MA-60, don de la Chine
  • THE GREAT ACHIEVEMENTS OF THE GOVERNMENT IN SOCIO‐ ECONOMIC GOVERNANCE
  • Air Burundi Wiki
  • 中国自主品牌新舟60飞机向布隆迪交付首架
  • Coopération sino-burundaise : les aides doublent depuis 2011
  • 中航国际与布隆迪签署两架MA60飞机出口合同
  • Air Burundi to need $4mln to resume services, “新舟”60,布隆迪航空的“第一架”飞机
  • Plus de six milliards de Fbu pour faire voler le MA 60 chinois …
  • 中国政府向布隆迪政府提供一架中国产新舟60飞机举行交接仪式 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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