Completed Development AidData Chinese Aid

China Eximbank provides RMB 294 million government concessional loan for Goroka University Dormitory Reconstruction and Expansion Project

¥294M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Papua New Guinea
Country	Papua New Guinea
Start Date	Jan 25, 2011
End Date	Jan 24, 2031
Duration	7,304 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`40426`

Grant Description

China Eximbank provides RMB 294 million government concessional loan for Goroka University Dormitory Reconstruction and Expansion Project On April 15, 2009, during Papua New Guinea Prime Minister Somare's visit to China, the Chinese Government and the Government of Papua New Guinea signed an RMB 800 million ($117.11 million) preferential loan framework agreement.

The agreement was signed by Papua New Guinea’s Commerce and Industry Minister, Gabriel Kapris, and China’s Vice Minister for Commerce, Yi Xiaozhun.

Of this, $95 million was reportedly earmarked for the construction of 10 tuna canneries in Madang Marine Industrial Zone Park and $22.11 million was reportedly earmarked for the construction of a student residence project at the University of Goroka.

The preferential loan framework agreement specified that any subsidiary loans approved under the framework agreement would carry a 2% interest rate.

Then, on January 25, 2011, China Eximbank and the Government of Papua New Guinea signed an RMB 294 million (approximately 118 million kina) government concessional loan (GCL) agreement for the Goroka University Dormitory Reconstruction and Expansion Project.

The proceeds of the GCL were to be used by the borrower to finance a commercial contract with Guangdong Foreign Construction Company (GDFC).

The purpose of the project was to construct new student accommodations on the Goroka University Campus in in Eastern Highlands Province. There were five stages to this project. The PNG Government funded stage 1; the China Eximbank loan funded stages 2-4; stage 5 was jointly funded.

The design of the project was undertaken by a local architect, which is unusual in a Chinese Government-financed project. GDFC was the contractor responsible for implementation. A foundation laying ceremony took place on July 14, 2011 and the project was completed in December 5, 2014.

Today, this project is cited as a successful Chinese development project in the Pacific — in part due to the presence of significant local input and oversight.

📋 Staff Comments

This project is also known as the University of Goroka (UOG) Students’ Residence Project. The Chinese project title is 巴新戈罗卡大学学生宿舍扩建项目. The University of Goroka is the largest teacher training institution in the country.

📚 Sources & References

In Papua New Guinea signed a construction contract dormitories expansion project aid Goroka University of Papua New Guinea
University of Goroka gets new dorm
Remarks by H. E. Ambassador Mr.Qiu Bohua At the Opening Ceremony of the New Academic Year of University of Goroka
Company’s Leaders Attended Gratitude Reception Hosted in China by Prime Minister Peter•O’Neil of Papua New Guinea
Export - Import Bank of China Introduction to “Two Concessional” Loan
Remarks by H. E. Chinese Ambassador Mr.Qiu Bohua At the Opening of Stage 1 and Groundbreaking Ceremony for Stages 2-4 Students Dormitories project of University of Goroka
巴布亚新几内亚代总理阿巴尔出席中国优惠贷款援助项目奠基仪式
驻巴布亚新几内亚大使仇伯华在戈洛卡大学学生宿舍项目奠基仪式上的讲话
VOLUME 3 PUBLIC INVESTMENT PROGRAM 2014 – 2018
Report of the Auditor-General - 2012
A Promising New Trend? Factors Driving China’s Growing Trilateral Aid Cooperation
The Development Needs of Pacific Island Countries
张力勇参赞出席Goroko大学学生宿舍竣工典礼
驻巴布亚新几内亚大使仇伯华出席戈洛卡大学一期宿舍楼落成暨二-四期宿舍楼项目奠基仪式, 2014 Budget Estimates for Statutory Authorities Provincial Government Debt Services and Trust Accounts
巴新副总理出席戈洛卡大学优贷项目竣工暨启用仪式
我司副总经理赵光华与巴新总督Jeffery Nape签署戈洛卡大学优惠贷款项目
University of Goroka Student Residence Building Project constructed by our company has has been selected in the manual of Exim Bank of China as classic case
Government Concessional Loan & Preferential Buyer’s Credit Brochure
Dragon versus Elephant: A Comparative Study of Chinese and Indian Aid in the Pacific
China in the Pacific: The New Banker in Town
In Papua New Guinea the two countries signed a memorandum of understanding on the use of foreign aid financing concessional loans
Government Concessional Loan Report
China in the Pacific: The New Banker in Town
驻巴布亚新几内亚大使仇伯华在戈洛卡大学学生宿舍项目奠基仪式上的讲话
中国大使在戈洛卡大学宿舍项目奠基仪式的讲话
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China's Overseas Development Finance
Chinese Aid In the Pacific (Map)
Two major pacts signed
Annual Financial Audit Reports
Chinese Aid in the Pacific 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.