Active Development AidData Chinese Aid

China provides 300 million Br interest-free loan for construction of road from Gotera interchange to AU Headquarters (Linked to Record ID#59899)

$300M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Ethiopia
Country	Ethiopia
Start Date	Jan 01, 2013
End Date	Dec 09, 2028
Duration	5,821 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30560`

Grant Description

China provides 300 million Br interest-free loan for construction of road from Gotera interchange to AU Headquarters In May 2013, the Chinese Government provided a 300 million Birr interest free loan to Ethiopia for the design and study of the road from Gotera interchange to the African Union Headquarters in Addis Ababa City as well as to expand Tirunesh Dibaba hospital and equip it with the necessary materials (#59899).

According to Finance and Economic Development State Minister Ahmed Shede, the loan will be paid back within 30-40-years.

No further information on this specific loan was located, although improvements to the Gotera Interchange and Tirunesh Dibaba hospital were made in 2006 and 2011, respectively. This road is located in Addis Ababa. It runs from the Gotera Interchange to the African Union headquarters (coordinates: 9.0002°N 38.7446°E).

📋 Staff Comments

AidData is unable to verify the claim that the loan will be paid back in 30-40-years. The maturity period has been set to 20-years by default and grace period set to 5-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 usually 20-years - drawdown period of 5-years, grace period of 5-years, and repayment over 10-years.

📚 Sources & References

Ethiopia
China agree to enhance cooperation 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 Ethiopia

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