Completed Development AidData Chinese Aid

China Eximbank provides RMB 6.84 million government concessional loan for Ministry of Education Administrative Building (Linked to Record ID#37877)

¥6.84M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cook Islands
Country	Cook Islands
Start Date	Aug 01, 2008
End Date	Mar 09, 2032
Duration	8,621 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`40532`

Grant Description

China Eximbank provides RMB 6.84 million government concessional loan for Ministry of Education Administrative Building On July 23, 2008, the Chinese Government and the Government of the Cook Islands signed a preferential loan framework agreement for the Telecom Sports Arena Construction Project and the Ministry of Education Administrative Building Project.

Then, in August 2008, China Eximbank and the Government of the Cook Islands signed an RMB 74.1 million (US $9.6 million) government concessional loan (GCL) agreement for the Telecom Sports Arena Construction Project and the Ministry of Education Administrative Building Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate1.8%

The loan’s final maturity date is August 2028.

RMB 67.26 million (US $8.65 million) of the GCL proceeds were allocated to the Telecom Sports Arena Construction Project (as captured via Record ID#37877) and RMB 6.84 million (US $ 950,000) of the GCL proceeds were allocated to the Ministry of Education Administrative Building Project (as captured via Record ID#40532).

The purpose of the Ministry of Education Administrative Building Project was to construct a two-story, 800 square meter administrative building — with offices, conference rooms, and training facilities — for the Ministry of Education in Nikao. A local company, Mike Rennie Builders Ltd, was selected to implement the project.

Construction began in December 2010 and the roof was installed in April 2011. The project was completed in January 2012.

📋 Staff Comments

The Chinese project title is 教育部综合楼项目. The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.

📚 Sources & References

Joint Evaluation of the Paris Declaration Phase 2 Cook Islands Country Evaluation
China: Stumbling Through the Pacific
China's Overseas Development Finance
China and the Cook Islands sign a framework agreement to provide preferential loans
Polynesia in Review: Issues and Events, 1 July 2007 to 30 June 2008: Cook Islands
Te Mato Vai Cook Islands‐China and NZ Delivering Water to Rarotonga
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.

All Grantees

Government of Cook Islands

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