Active Development AidData Chinese Aid

China Eximbank provides RMB 326.3 million government concessional loan for Social Housing Project (Linked to Record ID#30210)

¥326.3M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cabo Verde
Country	Cabo Verde
Start Date	Feb 15, 2012
End Date	Mar 19, 2032
Duration	7,338 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30570`

Grant Description

China Eximbank provides RMB 326.3 million government concessional loan for Social Housing Project On January 4, 2012, the Chinese Government and the Government of Cape Verde signed a framework agreement on the provision of government interest-subsidized concessional loans in which the Government of Cape Verde requested RMB 402,840,000 to finance a Social Housing Project.

Then, on February 15, 2012, the Chinese Government and the Government of Cape Verde signed an RMB 326.3 million government concessional loan (GCL) agreement [CHINA EXIMBANK GCL No 49 (2011) Total No (399)] for a Social Housing Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: a 2% interest rate

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

The loan repayment period is 156 months or 13-years. The borrower agreed to deposit project-related revenues in a special account to facilitate repayment.

During the same year, the Chinese Government and the Government of Cape Verde signed letters of exchange, which committed an RMB 76,700,000 interest-free loan for the same project.

The proceeds of these two loans were used fully finance an RMB 402,840,000 commercial contract between Cape Verde’s Ministry of Local Government, Housing, and Territory Ordering (MDHOT) and China National Complete Plant Import and Export Corporation Limited (COMPLANT), which was signed on October 16, 2009.

The GCL, which is captured via Record ID#30570, covered 81% of the cost of the commercial contract. The interest-free loan, which is captured via Record ID#30210, covered 19% of the cost of the commercial contract.

The Social Housing Project involved the construction of construction of 1600 affordable housing units in support of the Government of Cape Verde’s “Casa para Todos” (Housing for All) Program.

It supported housing developments in at least three different areas within the municipality of Praia: Palmarejo Grande, Tira-Chapéu, and Achada Grande Trás. COMPLANT was the contractor responsible for implementation and the project was underway as of June 29, 2012.

📋 Staff Comments

This project is also known as the Casa para Todos Program (PCT). The Portuguese project title is Projecto de Habitação Social or Programa Casa para Todos (PCT). The Chinese project title is 佛得角社会福利房项目 or 社会福利房项目.
Neither of the loans that supported the Social Housing Project are included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.
The China Eximbank loan agreement can be accessed in its entirety at https://www.dropbox.com/s/ixub2x1xxmcx5pl/2012%20China%20Eximbank%20Loan%20Agreement%20for%20Housing%20Project%20in%20Cape%20Verde.pdf?dl=0 and https://www.documentcloud.org/documents/20488117-cpv_2012_453

📚 Sources & References

Você está aqui: Home > Notícias > Internacional > China empresta cinquenta e um milhões de dólares para investimento em habitação social publicado em: 16 Fev 2012 China empresta cinquenta e um milhões de dólares para investimento em habitação social Foto: Ilustração O pacto é complementar ao acordo por troca de notas relativo a um empréstimo sem juros de 12 milhões de dólares que contempla a construção de cerda de mil e seiscentos fogos de habitação social no País. Cabo Verde e a China assinaram ontem (15) um contrato de empréstimo de 51 milhões de dólares para serem investidos num projecto de habitação social, a uma taxa de juros anual de dois por cento e com um período de maturidade de vinte anos. O pacto é complementar ao acordo por troca de notas relativo a um empréstimo sem juros de 12 milhões de dólares que contempla a construção de cerda de mil e seiscentos fogos de habitação social no País. Conforme fonte oficial, o acordo foi assinado em Beijing, na tarde de ontem, pelo Embaixador de Cabo Verde na China
Júlio Morais e o vice-Director Geral do Departamento de Empréstimos Concessionais do Eximbak chinês
Wang Fade e vai beneficiar mais de seis mil e quinhentas pessoas de baixo rendimento. fonte: REDAÇÃO ver critérios de publicação de comentários » publicidade, $80 mn Chinese loan to Cape Verde for social housing
Building on Ambition – China helps build Cape Verde after independence
Cabo Verde - Country Strategy and Program Evaluation (2008-2017)
Cabo Verde : Staff Report for the 2014 Article IV Consultation
Cape Verde and China sign agreement for social housing loan
China emprestou mais de 80 milhões de dólares a Cabo Verde
China Gives Cape Verde USD80-Mil. Loan for Infrastructure Projects
CPV_2012_453
Empresa chinesa debruca sobre projectos da Hotelaria e tratamento dos Lixos
IFH visita as obras do Programa Casa para Todos na cidade da Praia
Ministério das Finanças e do Planeamento Conta Geral do Estado 2012
NEWSLETTER DE AGOSTO DE 2012
No. 47 《Boletim Official》da República de Cabo Verde.
PERFIL DO SECTOR DE HABITAÇÃO CABO VERDE 2a EDIÇÃO
PM recebe novo embaixador da China em Cabo Verde
Primeiro – Ministro recebe em audiência o Embaixador da China em Cabo Verde
THE DRAGON EMBRACES AFRICA:CAPE VERDE-CHINA RELATIONS
中成进出口股份有限公司
中成进出口股份有限公司 2010年半年度报告
李峰伟副总经理率工作组出访佛得角
驻佛得角大使苏健拜会佛环境、住房与土地管理部长 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.