Completed Development AidData Chinese Aid

China Eximbank provides RMB 99.4 million loan for Phase I of the Djibouti Telecommunication Network Expansion and Renovation Project (Linked to Record ID#59254)

¥99.44M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Djibouti Telecom
Country	Djibouti
Start Date	Jan 01, 2003
End Date	Jul 31, 2026
Duration	8,612 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`421`

Grant Description

China Eximbank provides RMB 99.4 million loan for Phase I of the Djibouti Telecommunication Network Expansion and Renovation Project In 2001, Chinese and Djibouti Government officials signed an agreement to initiate financial negotiations for Phase I of the Djibouti Telecommunication Network Expansion and Renovation Project.

On March 25, 2001, the President of Djibouti Ismael Omar Guelleh visited ZTE during his visit in China.

Then, on July 21, 2003, China Eximbank and Djibouti Télécom signed an RMB 99,444,000 (USD 12,082,110 or DJF 2.3 billion) government concessional loan (GCL) agreement for Phase I of the Djibouti Telecommunication Network Expansion and Renovation Project.

📋 Loan / Grant Terms

📅 Maturity12 years

⏳ Grace Period3 years

💹 Interest Rate2%

As of 2005, the GCL had achieved a 69% disbursement rate ($8,345,594).

Phase I involved the rehabilitation of the telecommunications networks and the implementation of a fiber optic cable loop system in Djibouti City and Balbala City. ZTE Corporation was the contractor responsible for project implementation. Djibouti Télécom supervised its work. The project was originally expected to be completed by the end of 2007.

As of September 9, 2006, implementation was 'nearing completion'.

📋 Staff Comments

Phase II of Djibouti's Telecommunications Network Expansion, which was financed with CDB loan, is captured via Project #59254.
On September 8, 2006, ZTE Corporation issued an RMB 50 million joint liability loan guarantee for the 12-year repayment period. This guarantee was presumably in support of Phases I and II of this project, as it was Djibouti Telecom's most important and expensive venture at the time.

📚 Sources & References

NOTE SUR LE FINANCEMENT EXTERIEUR Programme d’Investissements Publics par bailleurs
Chine - Djibouti 1979 - 2009 : Des rapports sincères et amicaux
深圳中兴与吉布提电信签署项目合同 (图片)
吉布提共和国投资贸易指南
与我国驻吉布提大使馆经商参处叶继奖参赞网上交流
团组往来
BULLETIN D’INFORMATION ECONOMIQUE DE L’ANNEE 2007
NOTE SYNTHETIQUE BAILLEURS
DJIBOUTI-CHINA BILATERAL RELATIONS
Chine - Djibouti 1979 - 2009 : Des rapports sincères et amicaux
BILAN 1999-2004 : DE L’AJUSTEMENT AU DEVELOPPEMENT
Le télécommunication
THE EVOLVING U.S.-CHINA TRADE AND INVESTMENT RELATIONSHIP
PROGRAMME D'INVESTISSEMENT PUBLIC 2011, http://www.cablegatesearch.net/cable.php?id=05DJIBOUTI995, http://www.ccs.org.za/downloads/DFID_FA_Final.pdf
Aiding Transparency: What We Can Learn About China ExIm Bank’s Concessional Loans
中国政府援助吉布提优惠贷款协议正式签署
China grants loan worth 12m US dollars for telecommunications.
Le télécommunication, 2007 Annual Report
CHINA'S INFLUENCE IN DJIBOUTI
PROGRAMME D'INVESTISSEMENT PUBLIC 2012
PROGRAMME D'INVESTISSEMENT PUBLIC 2011
How China delivers development assistance to Africa
Chinese Loans to Africa Database
名不见经传的东非小国缘何成企业登陆非洲的香饽饽
ZTE CORPORATION 2011 ANNUAL REPORT SUMMARY AND RESULTS ANNOUNCEMT 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.