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China Eximbank provides RMB 350 million government concessional loan for the Montego Bay Convention Center Construction Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Jamaica |
| Country | Jamaica |
| Start Date | Jun 01, 2007 |
| End Date | Aug 22, 2033 |
| Duration | 9,579 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 38074 |
Grant Description
China Eximbank provides RMB 350 million government concessional loan for the Montego Bay Convention Center Construction Project On June 1, 2007, the Export-Import Bank of China and the Government of Jamaica signed a RMB 350 million government concessional loan (GCL) agreement for the Montego Bay Convention Center Construction Project.
The first scheduled date of loan repayment was March 21, 2013 and the final date of scheduled loan repayment was March 21, 2028. As of October 30, 2021, the loan had achieved a 100% disbursement rate (RMB 350 million out of RMB 350 million). Its outstanding amount was RMB 146,774,193.55 as of October 30, 2021.
The project involved the construction of a grand ballroom — on Rose Hall Road in Montego Bay — that spans 18,684 square feet with banquet seating for up to 1,260 guests, 10,161 square feet of flexible meeting space, and an exhibition hall.
China National Complete Plant Import Export Corporation (Complant) was the contractor responsible for project implementation. The project was initiated on February 14, 2009. It was completed on April 16, 2011. The venue is now used for conventions, trade shows, banquets and theater-style conferences.
Staff Comments
1. This project is also known as the Montego Bay Convention Centre Project.
Sources & References
- Completed Montego Bay Conference Centre Raises Expectations For Tourism Sector
- Jamaica Adding Convention Center in Montego Bay
- The New Banks in Town: Chinese Finance in Latin America
- 由中国援建的牙买加蒙特哥贝会展中心举行竣工仪式
- 中牙经贸合作
- Chinese Target Caribbean for Investment and Tourism See more at:http://www.china-invests.net/20110906/27668.aspx
- Montego Bay Convention Centre counters underutilisation claim
- OFFICE OF THE CONTRACTOR-GENERAL
- The Montego Bay Convention
- Montego Bay Convention Centre
- About the Montego Bay Convention Centre
- Vice President Xi Jinping attends the opening ceremony of the Jamaica Convention and Exhibition Center
- Jamaica and China Mark 35 Years of Diplomatic Relations
- Ground Broken for Conference Centre in Mobay
- Jamaica Convention Center Project Contracted by Complant Held Handover Ceremony
- Correspondence between AidData Executive Director and Jamaica MOF representative
- 习近平副主席和牙总理戈尔丁共同出席蒙特哥贝会展中心破土动工仪式
- 张力勇商务参赞出席蒙特哥贝会展中心正式交接仪式
- 中成公司董事长向牙买加总理移交蒙特哥贝会展中心钥匙
- Correspondence between AidData and Jamaican Ministry of Finance and Public Service
- Status of Loans from China, 12/31/2018
- Status of Loans from China, 10/31/2021
- Financial Statements & Revenue Estimates 2008-2009
- Financial Statements & Revenue Estimates 2009-2010
- Financial Statements & Revenue Estimates 2010-2011
- Financial Statements & Revenue Estimates 2011-2012
- Financial Statements & Revenue Estimates 2012-2013
- Financial Statements & Revenue Estimates 2013-2014
- Financial Statements & Revenue Estimates 2014-2015
- INDEX TO FINANCIAL STATEMENTS AND REVENUE ESTIMATES, 03/31/2017 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 Jamaica
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