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CDIG provides $21 million buyer's credit loan for Dalian I Road Infrastructure Project (Linked to Record ID#55908, #36735 and #55419)
| Funder | Dalian International Economic and Technical Cooperation Group (CDIG) |
|---|---|
| Recipient Organization | Government of Suriname |
| Country | Suriname |
| Start Date | Apr 01, 2002 |
| End Date | Oct 03, 2033 |
| Duration | 11,508 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 36690 |
Grant Description
CDIG provides $21 million buyer's credit loan for Dalian I Road Infrastructure Project In May 1998, the Government of Suriname signed a commercial contract with Dalian International Economic and Technical Cooperation Group (CDIG) to refurbish 270 km of roads around the capital of Paramaribo.
Then, on April 1, 2002, to help finance this commercial contract, CDIG issued a $21,077,240 buyer's credit loan to the Government of Suriname for the Dalian I Road Infrastructure Project.
In May 2018, the Back Office Manager of the Suriname Debt Management Office (Cindy Eersel) supplied information to AidData that indicates the CDIG loan was fully repaid and the project was completed.
The original contract signed between CDIG and the Government of Suriname took place during President Wijdenbosch’s state visit to China in 1998.
Dalian was originally expected to start the refurbishment work in November 1999 under the supervision of a local company, Suriname Anneng Construction Company N.V., under management of the Suriname International Engineering Consultant. However, construction did not begin until early 2002. The project was completed in late 2003.
Staff Comments
- The China-Latin America Finance Database, which is co-produced by the Inter-American Dialogue and Boston University’s Global Development Policy Center, does not capture the loan that supported this project.
- This project marked the beginning of many Dalian (II, III, and IV) road construction projects in Suriname (as captured via Record ID#55908, #36735, and #55419.
Sources & References
- China loans Suriname millions to repair roads
- Chinese new migrants in Suriname : the inevitability of ethnic performing
- Suriname and the Chinese: Timber
- Migration, and Less-Told Stories of Globalization
- Improving the Trade Facilitation Environment in Suriname
- 大连国际苏里南再签大单
- The Rehabilitation and Reconstruction of 270km(asphalt)Roads in Paramaribo,Suriname
- 大连国际公司承建苏里南首都275公里道路二期项目开工
- 中国大连国际合作(集团)股份有限公司 苏里南国家基础设施建设项目简介
- Request for List of Loans from Chinese Government Institutions Since 2000 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 Suriname
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