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China Eximbank provides $105.23 million preferential buyer’s credit for Ivato International Airport to Boulevard of Europe Expressway Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Madagascar |
| Country | Madagascar |
| Start Date | Aug 30, 2017 |
| End Date | Jul 22, 2032 |
| Duration | 5,440 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 52287 |
Grant Description
China Eximbank provides $105.23 million preferential buyer’s credit for Ivato International Airport to Boulevard of Europe Expressway Project On August 30, 2017, China Eximbank and the Government of Madagascar signed a preferential buyer’s credit (PBC) agreement worth $105,230,500 million for the Ivato International Airport to Boulevard of Europe Expressway Project.
Then, on January 10, 2018, the High Constitutional Court of Madagascar authorized the ratification of this PBC agreement. This PBC has a 20-year maturity. Its interest rate and grace period are unknown.
This project involves the construction of an 18.67 km tolled expressway connecting the Ivato International Airport to the Boulevard De L'europe in Antananarivo, the capital of Madagascar. It is being implemented in two phases. China Road & Bridge Corporation (CRBC) is the contractor responsible for implementation.
In August 2015, CRBC signed a commercial contract to construct the road.
Then, from November 8, 2015 to November 10, 2015, a delegation led by the Vice President of the China Eximbank paid a working visit to Madagascar where the group made a pre-loan inspection of the airport expressway.
The road's connection line (Phase I of the project) was completed within six months and served the Summit of Francophone Countries (La Francophonie).
Phase 1, which is also known as the Andohatapenaka Ring Road Project (or la Rocade d'Andohatapenaka), was 4.759 km in length, and its opening ceremony was held on November 18, 2016. Phase 2 is 13.911 km in length and it was scheduled for completion by the end of 2018.
On November 5, 2021, the final signing ceremony for the handover document of the Airport Expressway project was held, bringing the project to completion.
In attendance at the ceremony were Jerry Hartrefendrazana, Madagascar Minister of Public Works, and Guo Xiaomei, Chinese Ambassador to Madagascar. The roadway starts at Chaha Sauca and ends at the Ivato International Airport, stretching a total of 10.93 kilometers.
With the completion of this project, it is estimated that the time necessary to travel from downtown Antananarivo and the airport will be reduced from 2 hours to fifteen minutes.
Staff Comments
1. The French project title is voie rapide reliant l’Aéroport international d’Ivato et le Boulevard de l’Europe. The Chinese project title is 马达加斯加首都机场快速路项目 or 马达加斯加首都伊瓦图机场至欧洲大道快速路一期项目
Sources & References
- IN BRIEF (Page 24)
- Expressway project in Madagascar adopts Chinese standards
- Madagascar: New Chinese-Built Road Inaugurated in Madagascar
- 公司成功签署马达加斯加首都机场路项目商务合同
- 公司承建的马达加斯加机场快速路项目获得中国驻马大使赞
- 中企承建马达加斯加首都机场快速路一期通车
- 王和民纪检组长考察调研在马达加斯加援外及投资合作项目
- 马达加斯加首都伊瓦图机场至欧洲大道快速路一期项目举行通车仪式
- Vice President Sun Ping of EIBC Inspects CRBC’s Projects in Madagascar and Gives Instructions
- Décision n°01-HCC/D1 du 10 janvier 2018 concernant la loi n°2017-029 autorisant la ratification de l’Accord de Prêt relatif au financement du projet « voie rapide reliant l’Aéroport international d’Ivato et le Boulevard de l’Europe » conclu le 30 août 2017 entre la République de Madagascar et l’EXIM Bank de Chine
- Inaugurée même si les travaux sont inachevés
- 为推进中非务实合作贡献力量, 'La Ceinture et la Route': Madagascar joue un rôle de pont entre l'Afrique et la Chine (PAPIER D'ANGLE)
- Inauguration de la Rocade d’Andohatapenaka : Des travaux restent à faire
- La Rocade D'Andohatapenaka 'Antananarivo dispose desormais d'une route aux normes internationales'
- Inauguration de la Rocase d'Andogatapenaka construction CRBC le 18 Novembre 2016, 'La Ceinture et la Route' : Madagascar joue un rôle de pont entre l'Afrique et la Chine
- Aorian�ny fahavitan�ny fihaonana an-tampon�ny Frankofonia vao tokony hisokatra ho an�ny rehetra ny Rocade eny Andohatapenaka, hoy ny CRBC (China Road and Bridge Corporation).
- Inauguration de la Rocade d'Andohatapenaka construit par CRBC
- Madagascar joue un rôle de pont entre l'Afrique et la Chine
- 中企承建马达加斯加首都机场快速路一期通车
- 中企承建马达加斯加首都机场快速路一期通车
- 驻马达加斯加大使杨小茸陪同马总统出席马首都机场快速路竣工仪式
- 马达加斯加总统埃里为中国路桥承建的首都机场快速路项目剪彩并命名
- 中国交建签署马达加斯加首都机场快速路项目贷款协议
- 杨小茸大使对两公路项目工地进行安全巡视
- 马达加斯加首都伊瓦图机场至欧洲大道快速路一期项目举行通车仪式
- 马达加斯加首都机场快速路项目顺利通过技术验收
- 马达加斯加总统视察公司在建项目
- 中国交建签署马达加斯加首都机场快速路项目贷款协议
- 马达加斯加总统埃里“十一”视察公司承建的首都机场快速路项目
- China Communications Construction signs loan agreement for Madagascar Capital Airport Expressway Project
- TRESOR PUBLIC MALAGASY RAPPORT ANNUEL. Octobre 2018
- Project Fast Road Ivato International Airport-Europe Avenue in Madagascar
- CCCC signs TNR expressway project loan agreement
- President of Madagascar praised the airport expressway project
- Finances Publiques
- Rapport 2017.pdf
- 中国交建签署马达加斯加首都机场快速路项目贷款协议
- Airport.pdf
- Inauguration Ceremony for the Capital Airport Exp…ted by CRBC.pdf
- Decision No. 01-HCC / D1 of January 10, 2018 concerning Law No. 2017-029 authorizing the ratication of the Loan Agreement for the nancing of the project 'fast track connecting Ivato International Airport and the Boulevard de l 'Europe' concluded on 30 August 2017 between the Republic of Madagascar and the EXIM Bank of China.
- Rapport Annuel 2017
- 马达加斯加塔那那利佛伊瓦图至察哈绍察公路项目顺利移交
- 进出口银行支持马达加斯加多领域基础设施建设
- China's Overseas Development Finance
- Chinese Loans to Africa Database (2022 Update) 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 Madagascar
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