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China Development Bank pledges 18 million USD loan for bus terminal (Linked to Record ID#35866 and #35851)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Ecuador Development Bank (BDE) |
| Country | Ecuador |
| Start Date | Feb 13, 2009 |
| End Date | Oct 03, 2027 |
| Duration | 6,806 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 35867 |
Grant Description
China Development Bank pledges 18 million USD loan for bus terminal On February 13, 2009, China Development Bank and the State Bank of Ecuador signed an Indicative Terms and Conditions sheet, which outlined a potential 18 million USD loan for the completion of the Quitumbe Bus Terminal, the acquisition of road maintenance equipment, and other civil works in Quito.
The Ecuador Ministry of Finance was to provide a loan guarantee.
The Quitumbe Bus Terminal has since been completed, though it is unclear if this was with Chinese financing, as there is no evidence of a loan agreement being signed.
On the same day, several other cooperation agreements were signed, including two ETCAs (see #35851 and #88169) and a 50 million RMB credit line to boost agricultural trade and production (ID #35866).
Sources & References
- China dará a Ecuador crédito sin intereses
- China dará a Ecuador crédito sin intereses por 20 millones de dólares
- China signs cooperation agreements with Ecuador
- China
- Ecuador sign US$25 mln agreements
- Quito Travel Guide
- Términos y Condiciones Indicativos 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
Ecuador Development Bank (BDE)
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