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China Eximbank provides $46.6 million loan for MR67 Omakange-Ruacana Road Upgrading Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Namibia |
| Country | Namibia |
| Start Date | Jan 01, 2012 |
| End Date | Jan 05, 2028 |
| Duration | 5,848 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 30315 |
Grant Description
China Eximbank provides $46.6 million loan for MR67 Omakange-Ruacana Road Upgrading Project In 2012, China Eximbank and the Government of Namibia signed a $46.6 million loan agreement for the MR67 Omakange-Ruacana Road Upgrading Project.
The purpose of the project was to upgrade an 85km segment of the Main Road (MR67) road between Omakange and Ruacana by converting it from gravel to bitumen standard.
Namibia’s Deputy Permanent Secretary of Works and Transport, Balbiena Pienaar, awarded the construction contract to China National Machinery and Equipment Import and Export (CMEC). Approximately 15% of the contract value for this project was reportedly set aside for Nambian SMEs. Over 500 jobs were also expected to be created for the local people.
On May 16, 2013, the President of Namibia, Hifikepunye Pohamba, gave a speech at the groundbreaking ceremony for the project.
It was originally envisaged that construction would take 24 months to complete, suggesting a project completion date around May 2015. However, the actual date of project completion was in June 2015. A project completion and road opening ceremony was held on August 19, 2015. This project is also known as Section 1 of the Namibia Northern Highway Upgrading Project.
The Namibia Northern Highway Upgrading Project is divided into two sections: the Omakange—Ruacana section of the MR67 Highway (Record ID: 30315) and the Omafo—Outapi section of the DR3608 Highway (Record ID: 60994). The Chinese project title is 的纳米比亚北方公路项目MR67.
Sources & References
- Statement by His Excellency Hifikepunye Pohamba
- President of the Republic of Namibia on the Occasion of the Groundbreaking Ceremony of the Upgrading of Main Road 67 Between Omakange and Ruacana
- Chinese Dictate Terms for Their Loan
- Chinese Building Loan Hits Snag
- Namibia: Roads Tender Price 'Inflated'
- Counsellor Liu Huabo visited Namibia's concessional loan northern road project
- Harambee Projects: Construction and Rehabilitation
- China's aid to Namibia concession loan project North Road upgrade project held a groundbreaking ceremony
- China-funded road officially opened in Namibia
- Chinese building loan hits snag
- Chinese Ambassador to Namibia Yan Shunkang attended the opening ceremony of the MR67 section of the Nabei Highway Project
- The opening ceremony of the MR67 section of the Namibian Northern Highway Project of China Excellent Loan was held
- Inside the Chinese loans
- ChinaLoansToAfrica©SAIS-CARI.csv, naugurating the Ruacana – Omakange Main Road (MR 67)
- Namibian MR67 Highway Upgrade Project Receives Final Acceptance Certificate
- Projects - GRN Portal
- 中国优贷的纳米比亚北方公路项目MR67路段通车仪式隆重举行
- 中国优贷的纳米比亚北方公路项目MR67路段通车仪式隆重举行
- 二十国集团工商峰会
- China Machinery Engineering : Namibian MR67 Highway Upgrade Project Receives Final Acceptance Certificate
- 纳米比亚总统出席MR67道路项目开工仪式
- Summary Report of the Auditor-General on the Accounts of the Government of Namibia for the Financial Year Ended 31 March 2014
- Annual Report 2012 & 2013
- Summary Report of the Auditor-General on the Account of the Government of Namibia for the Financial Year Ended 31 March 2014
- SUMMARY REPORT OF THE AUDITOR-GENERAL (FY ENDED 31 MARCH 2015)
- SUMMARY REPORT OF THE AUDITOR-GENERAL (FY ENDED 31 MARCH 2016)
- SUMMARY REPORT OF THE AUDITOR-GENERAL (FY ENDED 31 MARCH 2017)
- SUMMARY REPORT OF THE AUDITOR-GENERAL (FY ENDED 31 MARCH 2018)
- SUMMARY REPORT OF THE AUDITOR-GENERAL (FY ENDED 31 MARCH 2019)
- SUMMARY REPORT OF THE AUDITOR-GENERAL (FY ENDED 31 MARCH 2020)
- SUMMARY REPORT OF THE AUDITOR-GENERAL (FY ENDED 31 MARCH 2021)
- SUMMARY REPORT OF THE AUDITOR-GENERAL (FY ENDED 31 MARCH 2022)
- SUMMARY REPORT OF THE AUDITOR-GENERAL (FY ENDED 31 MARCH 2023) 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.
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Government of Namibia
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