Completed Development AidData Chinese Aid

China Eximbank provides RMB 350 million government concessional loan for Roberts International Airport Upgrade and Expansion Project

¥350M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Liberia
Country	Liberia
Start Date	Sep 21, 2016
End Date	Nov 24, 2029
Duration	4,812 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`52421`

Grant Description

China Eximbank provides RMB 350 million government concessional loan for Roberts International Airport Upgrade and Expansion Project On September 21, 2016, China Eximbank and the Government of Liberia signed a framework agreement for a concessional loan worth RMB 350 million for the rehabilitation and construction of a new airport terminal building at Roberts International Airport (RIA), also known as Monrovia International Airport.

The government concessional loan (GCL) agreement, which was ratified by Liberia's legislature in the fall of 2016, included the following borrowing terms: an interest rate of 2%, a grace period of 7-years, a maturity of 20-years, a management fee of 0.5%, and a commitment fee of 0.5%.

According to the Government of Liberia, $15,050,000 was disbursed in Q3 of 2016/17 for this project, and $37,237,991.76 was disbursed total in 2017/18.

The borrower made an interest payment to the lender worth $746,812 between between July 1, 2017 and June 30, 2018, $442,860 between July 1, 2018 and June 30, 2019, $536,587 between July 1, 2019 and June 30, 2020.

The loan's (principal) amount outstanding was $15,051,450 as of October 1, 2017, $15,051,450 as of June 30, 2018, $49,323,330 as of December 31, 2018, $49,538,553 as of June 30, 2019 and $49,538,553 as of June 30, 2020.

The project involved the construction of a new terminal building and supporting equipment, parking lot roads, and water and electricity facilities. China Harbour Engineering Company (CHEC) Limited was the contractor responsible for implementation.

On November 21, 2016, the Liberian Government hosted the groundbreaking ceremony for the construction of the new passenger terminal building and Runway 4 and 22 at RIA. A dedication ceremony for the project was held on December 18, 2017. The project was completed on July 30, 2019. Then, in May 2021, the project’s final check and acceptance procedures took place.

📋 Staff Comments

1. The Chinese project title is: 利比里亚机场改造海上丝路标志工程.

📚 Sources & References

Liberia : President Sirleaf breaks Ground for New Terminal Building
Runway Construction.
EIBC
BADEA
Saudi Fund to fund renovation/upgrade projects at Liberia's Roberts International Airport
Liberia
China Sign Framework Agreement For RIA Rehabilitation
全国政协副主席万钢一行考察利比里亚罗伯茨国际机场新航站楼
沿海高速公路利比里亚路段获得5000万美元融资
Debt Management Report First Quarter FY 2017/18
利比里亚总统维阿视察中国援建政府办公楼优贷航站楼项目, ministry of finance development planning 2016 annual report
MINISTRY OF FINANCE AND DEVELOPMENT PLANNING Debt Management Unit (DMU) 3 rd Quarter 2016/2017 January 1, 2017 – March 31, 2017
Liberia-China Sign Agreements for RIA Terminal
Runway Projects; President Sirleaf Welcomes H.E. Zhang Yue Declaration of Quality and Speed
Ellen dedicates RIA terminal, runway
中企承建的罗伯茨国际机场升级改建项目正式交接，利比里亚总统称赞——“我们终于可以自信地迎接八方来客了”
Chinese-built projects become landmarks in Liberia cities
Liberia: My Govt Plans to Make RIA Regain Its Cargo
Aviation Hub- Weah
China-constructed international airport upgrading project handed over to Liberia
Roberts International Airport and https://en.imsilkroad.com/p/307378.html
中企承建利比里亚机场升级改建项目主体落成
List of Grant-Loan Projections and DIsbursements from the Chinese Government
The Upgrading and Reconstruction Project of Roberts International Airport in Liberia Financed by China Eximbank Got Final Acceptance
AGs-Report-on-the-Financial-Statement-Audit-of-Consolidated-Fund-Account-for-Fiscal-period-July-1-2017-to-June-30-2018
Government of Liberia Financial Statements of the Consolidated Fund Account Fiscal Year 2019/2020
Financial Statement of the Consolidated Fund Account Quarter Two Fiscal Year 2018/2019
Major Airport Developments
RIA Terminal
ANNUAL PUBLIC DEBT MANAGEMENT REPORT Fiscal Year 2022
ANNUAL PUBLIC DEBT MANAGEMENT REPORT Fiscal Year 2020 - 2021
Annual Public Debt Management Report FY 2019 - 2020
Liberia and China Sign US$50 Million Framework Agreement for RIA Rehabilitation
RIA to Get New Run Way and Terminal 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.