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Chinese Government pledges 750 billion CFA loan for Bamako-Dakar Railway Renovation Project (Linked to Record ID#52491)
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Mali |
| Country | Mali |
| Start Date | Sep 13, 2014 |
| End Date | Jun 18, 2032 |
| Duration | 6,488 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 36445 |
Grant Description
Chinese Government pledges 750 billion CFA loan for Bamako-Dakar Railway Renovation Project In 2014, the Chinese Government and the Government of Mali signed an agreement related to possible loan worth 750 billion CFA francs ($1.48 billion) loan to renovate the Bamako-Dakar railway, linking Mali to the Senegalese capital to the west.
The agreements were signed during a four-day visit by President Ibrahim Boubacar Keita to China from Sept. 9 to 13 for the World Economic Forum in Tianjin. The loan, if approved, will reportedly carry an interest rate lower than 2% and a maturity of 30-years.
The renovation of the railway will increase train speeds from under 20 km/hour to 100 km/hour for passengers and 80 km/hour for freight.
On December 22, 2015, it was announced the renovation would be carried out by China Railway Construction Corporation, and involve the renovation of 644 kilometers and 22 railway stations. The duration of the work was estimated to be four years.
Staff Comments
The Chinese project title is 达喀尔至巴马科铁路（马里段）的修复改造. - This project is related to Project ID#52491, which captures the Senegal segment of the railway renovation project.
Sources & References
- Mali says signed accords with China for projects worth $11 billion
- 深度F9:中国铁建(601186)
- 马里交通部表示中方将融资支持该国铁路修复改造项目
- Business China Continues Spending Spree With $11bn For Mali Projects
- Dakar-Bamako railroad: China will rehabilitate the Malian section for 1.5 trillion dollars
- 援马里国际会议中心维修项目 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 Mali
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