Completed Mixed AidData Chinese Aid

China Eximbank provides $75 million preferential buyer's credit for Phase 1 of Gnassingbé Eyadéma International Airport Expansion and Modernization Project (Linked to Record ID#67928 and #73836)

$75M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Togo
Country	Togo
Start Date	Jan 16, 2012
End Date	Aug 02, 2026
Duration	5,312 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`46970`

Grant Description

China Eximbank provides $75 million preferential buyer's credit for Phase 1 of Gnassingbé Eyadéma International Airport Expansion and Modernization Project On December 20, 2011, the Chinese Government and the Government of Togo signed a preferential loan framework agreement for Phase 1 of the Gnassingbé Eyadéma International Airport Expansion and Modernization Project.

Then, on January 16, 2012, the Export-Import Bank of China and the Ministry of Economy and Finance of the Republic of Togo signed a $75 million preferential buyer's credit (PBC) agreement and a $75 million government concessional loan (GCL) agreement the project.

📋 Loan / Grant Terms

📅 Maturity20.026 years

⏳ Grace Period7.526 years

💹 Interest Rate1.8728%

Both loans were to be serviced and secured with revenues from an airport infrastructure development fee (known as 'RDIA' in French).

The proceeds from the PBC and GCL were used by the borrower to finance a commercial contract between Togo’s Ministry of Transport and China Airport Construction Group Corporation (CACC), which was signed in December 2010. The GCL is captured via Record ID#73836 and the PBC is captured via Record ID#46970.

Phase 1 involved the construction of a new terminal, a shopping center, and a hotel at the Gnassingbé Eyadéma International Airport (AIGE), as well as the construction of a car park with 1,000 spaces; and an expansion of the freight area.

It also included extending the runway by 500 meters, extending the taxiway, reconstruction the existing runway and its drain, renovating and extending the energy stems, the airfield's lights, navigation and meteorological systems, and a transformer substation. Three boarding bridges were also to be constructed.

The 21,000 square meter terminal building was located on the north side of the current terminal, 2.3 times the size of the current terminal. The new terminal had 5 new parking spaces for planes, raising the total number of plane parking spaces to 22.

Upon completion, the airport was expected that the annual passenger throughput of AIGE would increase from 600,000 to 1.5 million and the annual cargo throughput would increase from 10,000 tons to 50,000 tons.

CACC and Weihai International Economic & Technical Cooperative Co. (WIETC) were the contractors responsible for project implementation. Socotec International provided project management services. Togo's Ministry of Infrastructure and Transport was the beneficiary ministry.

The project was launched on December 26, 2011 at a groundbreaking ceremony attended by the President of Togo Faure Gnassingbé, son of former President Gnassingbé Eyadéma. The project passed final inspection at the end of May 2015. The project had a one-year warranty, which ended in April 2016. The new terminal was officially inaugurated by President Gnassingbé on April 25, 2016.

📋 Staff Comments

The Chinese project title is 洛美国际机场改扩建项目 or 多哥洛美埃亚德马国际机场改扩建项目 or 洛美埃亚德马国际机场新航站 or 多哥一期洛美机场航站楼工程. The French project title is Construction d’une nouvelle aérogare à l’aéroport international Gnassingbé Eyadema or Le projet de réaménagement et d’extension de l’aéroport de Lomé.
One the use of the airport fee as a debt service and security mechanism, see https://assemblee-nationale.tg/wp-content/uploads/2021/10/loi-de-finances-2020-rapport.pdf3. The estimated borrowing terms (maturity, grace period, and interest rate) of the loan are drawn from the World Bank's Debtor Reporting System (DRS). See https://www.dropbox.com/s/2sw4f7gluxa52fk/DRS%20Official%20Commitments%20from%20China%20Through%202021.xlsx?dl=0 and https://www.dropbox.com/s/ab8qt4n6jijcbhd/IDS_Average%20interest%20on%20new%20external%20debt%20commitments.xlsx?dl=0 and https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=04. China Eximbank also financed Phase 2 of the Gnassingbé Eyadéma International Airport Expansion and Modernization Project (as captured via Project ID#67928).

📚 Sources & References

Togolese president opens revamped airport terminal
中国政府向多哥政府提供优惠贷款的框架协议在洛美签署
多哥总统福雷和总理洪博分别接见了到访的中国进出口银行李若谷行长
Minister GNOFAM answered questions from deputies
多哥的基础设施状况
Togo to construct new airport in Lome by 2020
中国与多哥就实施洛美国际机场改扩建项目签署“两优”贷款协议
Lome International Airport
中国民航机场建设公司承建的多哥洛美国际机场改扩建项目举行隆重奠基仪式
Rapport Sur L'Aide Publique au Developpement RAPD 2014
Le vice Ministre Chinois des affaires étrangères et sa déléguation ont visité la nouvelle aérogare et Lomé Conteneurs Terminal
TOGO – Investor Prospectus - 2018
Le Ministre GNOFAM a répondu aux questions des députés
中多合作洛美国际机场改扩建工程动工
C’est signé !
多哥愿做“一带一路”的西非支点
多哥总统对中国公司改扩建洛美机场工程表示满意
A.I.G.E : TRANSFERT DES ACTIVITES VERS LA NOUVELLE AEROGARE
Construction d’une nouvelle aérogare à l’aéroport international Gnassingbé Eyadema
多哥总统对中国公司改扩建洛美机场工程表示满意
Le Ministr e GNOF AM a répondu aux questions des députés
中国民航机场建设集团公司华北分公司
LA NOUVELLE AEROGARE DE L’AEROPORT INTERNATIONAL GNASSINGBE EYADEMA EN SERVICE
Note d’information - 1er trimestre 2012
Togo : un nouvel aéroport de Lomé envisagé à partir de 2020
PB+50+Pairault+French+Chinese+Business+Cooperation+Africa
Togo: L'aéroport international Gnassingbé Eyadèma entré en activité (REPORTAGE)
RAPPORT DE L'ETUDE AU FOND DU PROJET DE LOI DE FINANCES
GESTION 2020
RAPPORT D’OBSERVATIONS DEFINITIVES SUR LE CONTRÔLE DE L’EXECUTION DE LA LOI DE FINANCES
EXERCICE 2022
RAPPORT DE L'ÉTUDE AU FOND DU PROJET DE LOI DE FINANCES
EXERCICE 2024
Le Ministre GNOFAM a répondu aux questions des députés 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.