Completed Mixed AidData Chinese Aid

China Eximbank provides $97.13 million preferential buyer's credit for Phase 2 of the Douala (Yato) Water Supply Project (Linked to Record ID#315)

¥97.13M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Cameroon Ministry of Economy, Planning, and Regional Development (MINEPAT)
Country	Cameroon
Start Date	Nov 05, 2009
End Date	Feb 26, 2029
Duration	7,053 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`31229`

Grant Description

China Eximbank provides $97.13 million preferential buyer's credit for Phase 2 of the Douala (Yato) Water Supply Project On November 5, 2009, China Eximbank and the Government of Cameroon's Ministry of Economy, Planning, and Regional Development signed a preferential buyer's credit (PBC) agreement [CHINA EXIMBANK PBC NO. (2009) 36 TOTAL NO. (98)] worth $97,130,000 (CFA 57 billion) for Phase 2 of the Douala Water Supply Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate2%

The proceeds of the PBC were to be used by the borrower to finance 85% of the total costs (EUR 80 million) of a commercial contract between Cameroon Water Utilities Corporation (Camwater) and CGC Overseas Construction Co., Ltd (CGCOC), which was signed on June 24, 2009.

As of December 31, 2020, the loan had achieved a 100% disbursement rate and its outstanding amount was equivalent to CFA 36.6 billion.

Its outstanding amount was equivalent to CFA 54 billion as of December 31, 2016, CFA 44 billion as of December 31, 2017, CFA 43 billion as of December 31, 2018, and CFA 41 billion as of December 31, 2019. CGCOC was the contractor responsible for project implementation. Construction began on September 1, 2011 and ended on December 28, 2014.

The supply of water in Douala reportedly increased from 160,000 to 260,000 cubic meters per day.

Project works included: building a 100,000 m3/day water treatment plant in Ayatto along the Moungo River, laying 21.2 kilometers of ductile iron water pipes to connect the treatment plant and the distribution center, laying steel pipes across the Wouri river, and extending the entire distribution network using iron pipes.

China Eximbank also provided an RMB 171 government concessional loan for Phase 1 of this project (as captured via Record ID#315). According to Source ID#137918, Camwater provided 7 billion XAF of counterpart funding for Phase 1.

📋 Staff Comments

The Chinese project title is 杜阿拉城市供水项目二期. The French project title is Projet de renforcement et d'amélioration de l'Alimentation en Eau Potable (AEP) de la ville de Douala (phase II) or Yato II.
The PBC agreement can be accessed in its entirety via SourceID#132334 or https://www.documentcloud.org/documents/20485425-cmr_2009_170.
The project ID number for this transaction in Cameroon's Development Assistance Database (DAD) is CAM/000710.
Camwater is Cameroon's state-owned water utility company.
The loan identification number in the Government of Cameroon's Commonwealth Secretariat Debt Recording and Management System (CS-DRMS) is 2009108.

📚 Sources & References

Nos Réalisations
Cameroon Douala Water supply (Phase 2) project
CAMEROON WATER UTILITIES CORPORATION
Cameroon's Development Assistance Database
Cameroon- 2011
CHINA EXIMBANK PBC NO. (2009) 36 TOTAL NO. (98)
China–Cameroon relations: Fortunes and limits of an old political complicity
DOUALA Water Project in Cameroon
Government of Cameroon 2020 Register of Chinese Loans and Borrowing Terms
Preferential Buyer Credit Loan Agreement on Cameroon Douala Water Supply (Phase 2) Project
PREFERENTIAL BUYER CREDIT LOAN AGREEMENT On Cameroon Douala Water Supply (Phase 2) Project
Pursuing win-win progress with other developing countries by fulfilling assistance pledges
Rapport DAD-Cameroon sur l’Aide au Développement 2012-2013
Solve the drinking water problem and ensure the sustainable development of the city-Douala city water supply project in Cameroon
Some Achievements
State visit of the President of the Republic of Cameroon H. E. Paul BIYA to China
Supplementary Preferential Buyer Credit Loan Agreement on Cameroon Douala Water Supply (Phase 2) Project
中国继续为改善喀百姓饮用水状况谱写新篇章
喀麦隆杜阿拉亚都水厂日供水量增至26万立方米
喀麦隆杜阿拉供水二期项目顺利竣工
喀麦隆杜阿拉城市供水项目二期工程荣获“中国境外可持续基础设施”奖项
喀麦隆自来水公司签发杜阿拉供水项目（二期）开工令
杜阿拉城市供水项目二期施工合同签署 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

Cameroon Ministry of Economy, Planning, and Regional Development (MINEPAT)

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