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China Eximbank provides RMB 720 million government concessional loan for Multinational Rwanda-Burundi Road Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Rwanda |
| Country | Rwanda |
| Start Date | Jul 20, 2012 |
| End Date | Jun 08, 2033 |
| Duration | 7,628 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 30353 |
Grant Description
China Eximbank provides RMB 720 million government concessional loan for Multinational Rwanda-Burundi Road Project On December 27, 2012, the Government of Rwanda passed a law authorizing an RMB 720 million ($113,409,230.63) China Eximbank government concessional loan (GCL) agreement that was signed in China on July 20, 2012.
The total value of the project is $320 million, with the remainder of the funding coming through loans from the African Development Bank and Arab Development Bank.
China Road and Bridge Corporation (CRBC) is responsible for implementing the project with the Canadian firm CIMA overseeing construction.
The entire Kivu Belt road will cover 185 km; the China Eximbank loan will cover two sections (Lot 4 and Lot 5) of the Kivu Belt Road Project (also known as the Multinational Rwanda-Burundi Road Project) -- one 24.km stretch connecting Mwityazo of Nyamasheke district with Ruvumbu of Karongi district and another 41.6 km stretch connecting Ruvumbu to Kibuye.
Construction began on July 29, 2013, and it was completed on April 30, 2016.
Staff Comments
1. The Chinese name of this project is 工的基伍湖沿湖路66公里项目.
Sources & References
- Western Province Highway Gets U.S.$166 Million China Funding
- Kivu Belt Road Gets Boost With China Loan
- AfDB to fund Rubavu-Gisinzi road to boost regional trade
- Western Province highway gets $166m China funding
- Government of Rwanda and its Development Partners conclude signing of USD 320 Million for financing the Multinational Road Project Rusizi - Rubavu (Kivu Belt)
- MULTINATIONAL (BURUNDI/RWANDA) PROJECT TO DEVELOP ROADS (MUGINA-MABANDALAKE NYANZA AND RUBAVU-GISIZA) AND FACILITATE TRANSPORT ON THE NORTH-SOUTH CORRIDOR - PHASE III
- Government of Rwanda and its Development Partners conclude signing of USD 320 Million for financing the Multinational Road Project Rusizi - Rubavu (Kivu Belt)
- Rwanda Transport Development Agency Annual Report 2016-2017
- STATUS OF COOPERATION BETWEEN REPUBLIC OF RWANDA AND THE PEOPLE’S REPUBLIC OF CHINA
- Laws Published in 2013
- Summary, 4/4/2020 走进非洲项目 _ 中国进出又银行 www .eximbank.gov .cn/info/ztzl/fzzt/fzxm/201810/t20181012_6931.html 1 / 2 走 进 非 洲 项 目 走 进 非 洲
- 进 出 口 银 行 的 卢 旺 达 足 迹
- Official Gazette nº 04 of 28 January 2013
- 舒展大使赴西方省视察我企业承建项目, 1.卢旺达是个什么样的国家？
- Introduction of Multinational Rwanda-Burundi Road Project LOT4: Mwityazo-Ruvumbu (24.4km)＆LOT5: Ruvumbu-Kibuye (41.6km)
- 卢旺达完成基伍湖沿湖公路融资计划
- 喜讯！公司卢旺达项目荣获2018-2019年度国家优质工程奖
- 潘和钧大使考察基伍湖沿湖路66公里项目
- Budget Framework Paper 2015/2016-2017/2018
- Budget Framework Paper 2016/2017-2018/2019
- Rwanda Government Gazette dated 2013-01-28 number 4
- 对外投资合作国别（地区）指南- 卢旺达（2020年版）
- 走进非洲: 进出口银行的卢旺达足迹
- INFRASTRUCTURE SECTOR ANNUAL REPORT FOR FY 2015/16 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 Rwanda
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