China Eximbank provides RMB 350 million government concessional loan for Phase 1 of Tanna and Malekula Road Rehabilitation Project (Linked to Record ID#62666)

📋 Staff Comments

1. This project is also known as the Vanuatu Road Rehabilitation Project. The Chinese project title is 瓦努阿图公路升级改造项目一期工程.
2. The Chinese Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020 identifies this project as being financed with a China Eximbank loan worth $57 million. AidData relies on the face value of the loan (RMB 350,000,000) that is identified in the actual loan agreement [CHINA EXIMBANK GCL NO. 2014 (1) TOTAL NO. (504)] between China Eximbank and the Government of the Republic of Vanuatu.
3. The loan agreement can be accessed in its entirety via https://www.documentcloud.org/documents/20488925-vut_2014_448.

📚 Sources & References

• 2015 ARTICLE IV CONSULTATION AND REQUEST FOR DISBURSEMENT UNDER THE RAPID CREDIT FACILITY AND PURCHASE UNDER THE RAPID FINANCING INSTRUMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR VANUATU, 2015 INCORPORATING THE ECONOMIC AND FISCAL UPDATE AND THE BUDGET POLICY STATEMENT, 2016 INCORPORATING THE ECONOMIC AND FISCAL UPDATE AND THE BUDGET POLICY STATEMENT, 2017 INCORPORATING THE ECONOMIC AND FISCAL UPDATE AND THE BUDGET POLICY STATEMENT, 2018 ARTICLE IV CONSULTATION—PRESS RELEASE AND STAFF REPORT, 70% of excavation work on south Tanna road completed
• CCECC upgrades Lakatoro Market commercial area
• China Eximbank Loan Agreement for Vanuatu Road Rehabilitation Project
• China forgives overdue debt Vanuatu thought was gift
• China's Overseas Development Finance
• Chinese Aid in the Pacific
• Chinese funded Tanna road construction begins
• Chinese funding
• Gov’t wants funding for Tanna
• Malekula roads tar sealing project inceased
• HANDOVER OF VT5 BILLION ROAD PROJECT
• HE Zhou Haicheng,the Chinese Ambassador to Vanuatu, attended the Ceremony for the handover of Tanna and Malekula Road Rehabilitation and Construction Phase I Project and the ground-breaking of Phase II Project
• HE Zhou Haicheng,the Chinese Ambassador to Vanuatu, attended the Ceremony for the handover of Tanna and Malekula Road Rehabilitation and Construction Phase I Project and the ground-breaking of Phase II Project
• Island state seeks development partners
• Island state seeks development partners
• Launching of Vanuatu road rehabilitation on Malekula
• Liu Quan
• Ambassador of Vanuatu, attended the groundbreaking ceremony of the first phase of the Malekula Highway Rehabilitation Project
• New Year Message
• Reserve Bank of Vanuatu Quarterly Economic Review March 2016
• Signing of south Tanna and Malekula road phase 2 soon
• TANNA ROAD CONSTRUCTION BEGINS
• Vanuatu : Staff Report for the 2015 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument
• Vanuatu borrowing from China to build roads
• VANUATU ECONOMIC ASSESSMENT OF THE SOUTH TANNA AND MALEKULA ROAD PROJECT
• Vanuatu Infrastructure Strategic Investment Plan 2015 – 2024
• Vanuatu Prime Minister Salvi inspects the first phase of the construction of the Malakula Highway
• Vanuatu Whole of Government Financial Statements 2015
• Vanuatu Whole of Government Financial Statements 2016
• Vanuatu Whole of Government Financial Statements 2017
• Vt1.8 billion road project
• Vt5 billion loan for roads, vut_2014_448
• Zhou Haicheng
• Ambassador of Vanuatu, attended the groundbreaking ceremony for the external handover and the second phase of the first phase of the Tana Island and Malekula Island Highway Project
• 中国企业在瓦努阿图实施的最大公路项目竣工
• 中国企业在瓦努阿图实施的最大公路项目竣工
• 驻瓦努阿图大使刘全出席马勒库拉公路修复一期项目开工仪式
• 驻瓦努阿图大使刘全陪同瓦总理萨尔维视察瓦努阿图塔纳公路一期建设项目 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.