Active Mixed AidData Chinese Aid

China Eximbank provides $165 million preferential buyer’s credit for Togolese Road Network Partial Renovation Project (Linked to Record ID#68450, #43756, #68465, and #43758)

$165M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Togo
Country	Togo
Start Date	Sep 07, 2009
End Date	May 09, 2028
Duration	6,819 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`392`

Grant Description

China Eximbank provides $165 million preferential buyer’s credit for Togolese Road Network Partial Renovation Project On September 7, 2009, the Export-Import Bank of China and the Ministry of Economy and Finance of the Republic of Togo signed a $165 million preferential buyer’s credit (PBC) agreement for the Togolese Road Network Partial Renovation Project.

The PBC carried the following terms: a maturity of 20-years, a grace period of 7-years, and an interest rate of 2%.

The proceeds of the PBC were originally going to be used by the borrower to finance three separate commercial contracts with China Road and Bridge Corporation (CRBC) in order to undertake three separate subsidiary projects for the benefit of Togo's Ministry of Public Works and Transport: Phase 1 of Lomé Bypass Road Development and Asphalting Project (captured via Record ID#68450), Alédjo and Défalé Bypass Road Road Development and Asphalting Project (captured via Record ID#43756), and the 81.3 km Tandjouaré–Cinkassé-Burkina Faso Border Road Rehabilitation Project (captured by Record ID#43758).

However, in 2014, China Eximbank allowed the borrower to use the proceeds of the PBC to finance a commercial contract for the 13.5 km Togblékopé-Tsévi Road Rehabilitation and Expansion Project (captured via Record ID#68465) in lieu of the commercial contract for the 81.3 km Tandjouaré–Cinkassé-Burkina Faso Border Road Rehabilitation Project.

The implementation of the project's first phase (captured via Record ID#68450) began on February 3, 2010 and concluded on October 18, 2014.

The project's second phase (captured via Record ID#43756) began implementation on September 18, 2010 and ended on February 15, 2014.

The project's third phase (captured via Record ID#43758) began implementation on February 4, 2010, but its completion date remains unknown.

The West African Development Bank (BOAD) and the Islamic Development Bank (IsDB) also issued loans in support of the Togolese Road Network Partial Renovation Project worth CFA 6.5 billion and CFA 90.5 billion, respectively.

📋 Staff Comments

The French project titles are Projet d'aménagement et bitumage du grand contournement de Lomé (13,8 km), du contournement d'Alédjo et de Défalé (17,19 km), Réhabilitation et renforcement de Tandjouaré–Cinkassé (81,3 km) et de la RN1- Golfe Club-Togblékopé sur 5 km.
Project ID#68465's actual implementation commenced on September 27, 2016, and the recorded completion date was also September 27, 2016.

📚 Sources & References

http://www.afdb.org/fileadmin/uploads/afdb/Documents/Project-and-Operations/Multinational%2525252525252520-%2525252525252520AR%2525252525252520Togo-BF%2525252525252520Road.pdf
Index of contents Executive Summary History and Characteristics of Transformation Transformation Status I. Political Transformation 1
Stateness 2
Political Participation 3
Rule of Law 4
Stability of Democratic Institutions 5
Political and Social Integration II. Economic Transformation 6
Level of Socioeconomic Development 7
Organisation of the Market and Competition 8
Currency and Price Stability 9
Private Property 10
Welfare Regime 11
Economic Performance 12
Sustainability Transformation Management I. Level of Difficulty II. Management Performance 14
Steering Capability 15
Resource Efficiency 16
Consensus Building 17
Internal Cooperation Strategic Outlook Versions of reports Togo 2012 2010 2008 BTI 2012
Togo Country Report
Togo
China sign 178m-dollar deal for road rehabilitation
China supports funding of Togo's road network
Togo- 2011
TOGO/BURKINA FASO: ROAD REHABILITATION AND TRANSPORT FACILITATION ON THE LOME – CINKANSEOUAGADOUGOU CU9 CORRIDOR
Togo Rapport su l'Aide Publique au Développement (RAPD) 2010
Rapport Sur L'Aide Publique au Developpement RAPD 2014
QUOTIDIEN TOGOLAIS D'ANALYSES ET D'INFORMATIONS GENERALES
Situation des contrats approuves en 2008
刘豫锡大使赴多哥北部视察双边合作项目
Ayassor : Avant de pouvoir partager la richesse, il faut relancer l'économie
AFLAO – SANVE CONDJI – BENIN BORDER ROAD REHABILITATION AND MODERNIZATION PROJECT: LOME PORT ROUNDABOUT - AVEPOZO
Le Togo obtient un financement record
Togo has spent close to XOF1000 billion to improve its roads in recent years
Le nouveau visage du Trésor public
INITIATIVE POUR LA TRANSPARENCE DANS LES INDUSTRIES EXTRACTIVES
China supports funding of Togo's road network
Togo economy: Several donors agree new funding packages, http://www.bti-project.org/countryreports/wca/tgo/, http://global.factiva.com/redir/default.aspx?P=sa&an=BBCAP00020090904e594002mh&cat=a&ep=ASE, http://global.factiva.com/aa/?ref=BBCAP00020090427e54r001rx&pp=1&fcpil=en&napc=S&sa_from=, http://global.factiva.com/aa/?ref=EIUCP00020090630e56t00020&pp=1&fcpil=en&napc=S&sa_from=
ChinaLoansToAfrica©SAIS-CARI.csv 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 Togo

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