Completed Development AidData Chinese Aid

Chinese Government provides RMB 50 million interest-free loan for Malabo Television Center Construction Project

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Equatorial Guinea
Country	Equatorial Guinea
Start Date	Jan 01, 2002
End Date	Mar 01, 2027
Duration	9,190 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`476`

Grant Description

Chinese Government provides RMB 50 million interest-free loan for Malabo Television Center Construction Project In 2002, China’s Ministry of Commerce and the Government of Equatorial Guinea signed a RMB 50 million interest-free loan agreement for the Malabo Television Center Construction Project.

The borrower was expected to use the proceeds of the loan to finance a contract between the Government of Equatorial Guinea and Dalian International Corporation, which was signed on November 5, 2002.

This project involved the construction of the headquarters building for the state-run radio and television company, Radio Televisión de Guinea Ecuatorial (RTVGE), in Malabo.

On December 13, 2004, Dalian International Corporation signed a project implementation agreement with China’s Ministry of Commerce. Construction began on August 28, 2005. Then, on August 31, 2005, Ms.

Plyfi Cassio Opo Barilla, Secretary of State for News, Radio and Television, and Secretary-General Ramon Bengono led the Director of Information and other relevant personnel to inspect the project. Construction ended in September 2006. The project was officially handed over to the Equatorial Guinean Government on January 2, 2007.

📋 Staff Comments

This project is also known as the National Television Center Construction Project and the RTVGE Construction Project. The Chinese project title is 马拉博电视中心目 or 援赤几马拉博电视中心项目 or 援赤几马拉博电视中心项目 or 赤道几内亚马拉博广播电视中心. The Spanish project title is Centro de Televisión de Malabo or Rehabilitacion del edificio sede de la Radio Television Guinea Ecuatorial en Malabo or Eel proyecto de ayuda en la Construcción del Centro de Televisión de Guinea Ecuatorial, Malabo.
Since the borrowing terms of the interest-free loan are unavailable, AidData has set maturity period to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.
According to the Autonomous Fund for Amortization of Public Debt (Caja Autónoma de Amortización de la Deuda Pública) within Equatorial Guinea’s Ministry of Finance and Budget, the Chinese Government provided an RMB 11,500,000 interest-free loan — through an Economic and Technical Cooperation (ECTA)— for an unspecified purpose on October 21, 2002. The loan had fully disbursed as of December 31, 2019. The borrower had not made any interest or principal repayments as of December 31, 2019. However, it is unclear if the proceeds of this loan were used to partially support the Malabo Television Center Construction Project. This issue warrants further investigation.
The contract that was signed on November 5, 2002 is known as the Contrato de diseño del proyecto de ayuda en la Construcción del Centro de Televisión de Guinea Ecuatorial, Malabo.

📚 Sources & References

Malabo Broadcast & TV Centre
Equatorial Guinea
经济及市场环境
外交部长李肇星为我援赤几电视中心竣工剪彩
驻赤几中资企业和援外专家组举行年终总结会
援赤几马拉博电视中心项目签订实施合同
赤道几内亚外交部部长视察我援赤几电视中心竣工项目
李肇星出访非洲七国落实援助
我援建赤几电视中心项目正式开工
赤几国务秘书视察我援赤几马拉博电视中心工地
Obra: Rehabilitacion del edificio sede de la Radio Television Guinea Ecuatorial en Malabo.
赤道几内亚
招标委员会通告【2004】第20号
商务部对外援助项目招标委员会通告2004年第20号
赤道几内亚马拉博广播电视中心, http://blogs.rnw.nl/medianetwork/chinese-foreign-minister-opens-tv-studio-building-in-equatorial-guinea
China to build new TV headquarters in Equatorial Guinea
赤几政府官网刊载对我处苏建国参赞采访
赤几国务秘书视察我援赤几马拉博电视中心工地
我对赤道几内亚经援简况
List of Chinese loans published of Equatorial Guinea Ministry of Finance Website in 2021, deuda externa e interna
ACUERDOS GUINEA ECUATORIAL 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 Equatorial Guinea

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