Loading…

Loading grant details…

Completed Development AidData Chinese Aid

China Eximbank provides RMB 280 million government concessional loan for Dominica State College and State House Expansion and Reconstruction Project (Linked to Record ID#39846)

¥280M RMB

Funder Export-Import Bank of China (China Eximbank)
Recipient Organization Government of Dominica
Country Dominica
Start Date Jul 01, 2010
End Date Mar 17, 2029
Duration 6,834 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 39832
Grant Description

China Eximbank provides RMB 280 million government concessional loan for Dominica State College and State House Expansion and Reconstruction Project On September 5, 2009, the Chinese Government and the Government of Dominica signed an RMB 280 million preferential loan framework loan agreement for the Dominica State College and State House Expansion and Reconstruction Project.

Then, in 2010, China Eximbank and the Government of Dominica signed an RMB 280 million (EC$110,750,000) government concessional loan (GCL) agreement for the Dominica State College and State House Expansion and Reconstruction Project. Dominica’s Parliament authorized the loan in July 2010.

📋 Loan / Grant Terms
📅 Maturity20 years
⏳ Grace Period5 years
💹 Interest Rate2%

The borrower is responsible for repaying the loan in 31 semi-annual installments.

The proceeds of the GCL were to be used by the borrower to finance a commercial contract with Shanghai Construction Group.

The purpose of the Dominica State College expansion and reconstruction project component is the construction of three new buildings, water supply tank and rehabilitation works on existing buildings.

One of the three buildings is multi functional and houses classrooms and laboratories for Arts, Science and administration. The second building houses a library and auditorium and the third building houses the Agricultural Training Centre.

Also included in the Dominica State College expansion and reconstruction project component was the construction of a food court, a car park, a water supply tank, new sewerage lines, and landscaping.

The State House expansion and reconstruction project component involved the construction of the new residence for the President, the renovation of the Old State House; the construction of a utility building; the construction of office accommodations for all the commissions under the supervision of the President (including the Public Service Commission, the Police Service Commission, the Integrity Commission and the Electoral Commission); the beautification and landscaping of the grounds; the construction of a parking lot; the construction of a new road; and the construction of a conference room with the capacity to accommodate 200 people.

Shanghai Construction Group was the contractor responsible for project implementation. On May 27, 2011, the Dominica State College expansion and reconstruction project component was officially launched. Construction began in October 2011, and by the end of 2011, the project had achieved a 60% completion rate.

Construction was completed in 2013.

The new college opened to students in 2013-2014 academic year, serving as a premier secondary education provider in the country. The State House expansion and reconstruction project component was officially launched on May 27, 2011. By June 2011, it had achieved a 60% completion rate. The renovated and expanded State House was handed over to the local authorities in August 2013.

The president moved in on March 13, 2014.

📋 Staff Comments
  1. The Chinese project title is 的多米尼克国立大学和国宾馆改扩建.
  2. This loan constituted 11% of Dominca's GDP at the time that it was issued.
  3. Some sources suggest that the proceeds of the loan were also used to finance the rehabilitation of major roads in Roseau, including Independence Street, Great George Street, King George V Street, Hanover Street and housing development in Roseau. This issue warrants further investigation.
  4. The World Bank’s Debtor Reporting System (DRS) identifies the face value of the China Eximbank GCL as $41,361,504.
📚 Sources & References
  • NEW DOMINICA STATE COLLEGE TO AID IN ACHIEVING EDUCATION FOR ALL
  • NEW DOMINICA STATE COLLEGE TO OPEN ITS DOORS AT THE START OF THE 2013/2014 ACADEMIC YEAR
  • New Dominica State College structures 60% complete
  • STRUCTURES AT NEW DOMINICA STATE COLLEGE 60% COMPLETE
  • Parliament approves important legislation
  • The opening ceremony of the reconstruction and expansion project of the National University of Dominica and the State Guest House was held
  • STRUCTURES AT NEW DOMINICA STATE COLLEGE 60% COMPLETE
  • Ambassador Wang Visited Shanghai Construction Group and Inspected the projects of State House and State Colleage
  • Ambassador Wang Visited Shanghai Construction Group and Inspected the projects of State House and State Colleage
  • DRS
  • Dominica signs $40 U.S. million loan agreement with China
  • Staff Report for Article IV Consultation
  • Chinese Ambassador to Dominica Deng Boqing and Dominica Prime Minister Skerrit jointly signed the framework agreement on the preferential loan provided by the Chinese government to the Dominica government
  • Parliament approves important legislation
  • Government official highlights investments made by China
  • Economic and Social Review for Fiscal Year 2011/2012
  • State House project on schedule – PM
  • President moves into new State House
  • New state house almost complete
  • Dominica National University and State Guest House Reconstruction and Expansion Project Held an Unveiling Ceremony
  • Construction of State Palace starts without local involvement
  • PM’s hard stance on State House project unfortunate – Brisbane
  • PM defends State House project
  • Construction of $27 million dollar state palace complete with lagoon pool to start 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 Dominica

Advertisement
Apply for grants with GrantFunds
Advertisement
Browse Grants on GrantFunds
Interested in applying for this grant?

Complete our application form to express your interest and we'll guide you through the process.

Apply for This Grant