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China Development Bank provides $1.859 million for technical study related to hydroelectric power plant construction on the Magdalena River (Linked to Record ID#39423 and #69470)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Colombia |
| Country | Colombia |
| Start Date | Feb 17, 2009 |
| End Date | Jun 26, 2029 |
| Duration | 7,434 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 36653 |
Grant Description
On February 17, 2009 an agreement was signed between the Chinese Government and Government of Colombia, the recipient of the transaction, for the implementation of a 'Master Plan' to conduct a technical study related to the construction of hydroelectric power plants on the Magdalena River.
The overall study cost was $6.428 million, and the Chinese side provided $5.718 million USD. $3.859 million was provided by HydroChina while China Development Bank supplied $1.859 million. Cormagdalena -- a Colombian Government agency -- covered the remaining $700,000. HydroChina started the study in 2011 and completed it in 2013.
However, in August 2014, the larger construction work was awarded to Odebrecht, a Brazilian company.
Staff Comments
HydroChina's contribution is captured in Project ID #39423.
Sources & References
- China ayuda a Colombia en protección y aprovechamiento del Río Magdalena
- Estatal Hydrochina financiará con US$5,7 millones manejo del río Magdalena
- VSUS Technologies Inc. Announces Intent to Solicit for Another 1200 HA Metallurgical Coal Concession With the Agencia Nacional de Mineria of Colombia
- Planning Report for Magdalena River Handed Over
- The Magdalena and the “Master Plan”
- Cormagdalena signs preliminary cooperation agreement with Chinese entities
- China financiará plan para manejo del río Magdalena
- 中国电建承担的我国首个援外大型河流规划技术合作项目圆满完成
- Acuerdo Colombia-China busca incrementar apoyos técnicos
- 中国水电顾问集团中南勘测设计研究院积极“走出去”
- Master Plan
- Colombia y China oficializan entrega del proyecto para la ‘Formulación del Plan Maestro de Aprovechamiento del Río Magdalena’
- New Developments in China-Colombia Engagement
- Colombia International Cooperation Agency(驻哥伦比亚大使高正月出席中国援哥马格达莱纳河流域综合规划技术合作项目实施合同签字仪式) 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.
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Government of Colombia
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