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Completed Development AidData Chinese Aid

China Eximbank provides $11.6 million loan for Food Reserve Agency (FRA) Storage Sheds Project

$11.6M USD

Funder Export-Import Bank of China (China Eximbank)
Recipient Organization Government of Zambia
Country Zambia
Start Date Jun 01, 2009
End Date May 12, 2026
Duration 6,189 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 30471
Grant Description

China Eximbank provides $11.6 million loan for Food Reserve Agency (FRA) Storage Sheds Project In June 2009, the China Eximbank and the Government of Zambia signed an $11.6 million loan agreement for the Food Reserve Agency (FRA) Storage Sheds Project.

📋 Loan / Grant Terms
💰 Loan Amountcarried the following borrowing terms: a 2% interest rate
📅 Maturity15 years
⏳ Grace Period5 years
💹 Interest Rate2%

China Eximbank disbursed $6.73 million in 2009 and $4.94 million in 2010.

The purpose of this project was to construct, maintain, and rehabilitate nine grain storage sheds in four provinces (Central province, Eastern province, Southern province, and Western province) managed by the country’s Food Reserve Agency (FRA).

It involved the construction of two new shallow circular silos with the grain storage capacity of 50,000 tons, the construction of one new shallow circular silo with the grain storage capacity of 25,000 tons, and the restoration and reconstruction of one silo with the grain storage capacity of 25,000 tons.

The ultimate objective of the project was to increase the security of the country’s grain reserves. China CAMCE Engineering Co., Ltd. was the contractor responsible for implementation. In December 2007, a feasibility study for the project was undertaken. Then, works officially began on August 10, 2009.

The precise date of project completion is unknown and as of July 16th, 2014, the project was still stalled.

📋 Staff Comments

1. The Chinese project title is 赞比亚粮仓项目 or 署赞比亚粮仓建设项目 or 农业部粮库建设项目.

📚 Sources & References
  • Chinese loan to help construct grain storage sheds in Zambia
  • GRAIN STORAGE SHED PROJECT IN ZAMBIA
  • 中国援建赞比亚农业部粮库建设项目举行开工典礼
  • 国机集团中工国际签署赞比亚粮仓建设合同, http://www.camce.com.cn/was5/web/search?page=19&channelid=262184&perpage=10&outlinepage=10
  • CAMC承建赞比亚国家粮仓项目开工
  • 赞比亚粮仓项目
  • CAMC Started Construction for the National Grain Depot Project in Zambia
  • 中工国际签署赞比亚粮仓建设项目商务合同
  • CAMCE Signs 3 Business Contracts of General Contracting Projects in May
  • Development Cooperation Report 2009
  • Development Cooperation Report 2010
  • Economic Report: 2009, 2009 Economic Report
  • A project to build two storage sheds for Food Reserve Agency in Katete district has stalled since 2012. 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 Zambia

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