Active Development AidData Chinese Aid

China Eximbank provides $17.47 million loan for Phase 2 of the Rural Electrification Project

$17.47M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Togo
Country	Togo
Start Date	Jan 01, 2015
End Date	Jun 22, 2031
Duration	6,016 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`53463`

Grant Description

China Eximbank provides $17.47 million loan for Phase 2 of the Rural Electrification Project According to a report published by the Bilateral Cooperation Department of Togo’s Ministry of Planning and Development, the Export-Import Bank of China made loan disbursements worth $34,981,375 in 2015 for two projects: Phase 2 of the Rural Electrification Project (as captured via Record ID#53463) and the 161/66/20 kV Sokodé Substation and Transmission Line Construction Project (as captured via Record ID#72737).

Then, in 2016, China Eximbank made a loan disbursement worth $17,470,258 for Phase 2 of the Rural Electrification Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following estimated borrowing terms: a 1

📅 Maturity19.7732 years

⏳ Grace Period7.2732 years

💹 Interest Rate1.7806%

Phase 2 of the Rural Electrification Project involved the electrification of 39 rural localities in Togo; Togo's Ministry of Mines and Energy was the beneficiary ministry. The precise implementation start and end dates of the project are unknown. The contractor responsible for implementing this project is also unknown.

📋 Staff Comments

The French project title is Electrification rurale phase 2 (39 localités rurales).
This China Eximbank loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. Nor is it included in the the Chinese Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020.
For the time being, AidData has reported the amount disbursed in 2016 as the transaction (loan commitment) amount since it is unclear how the $34,981,375 disbursement in 2015 was divided between Phase 2 of the Rural Electrification Project and the 161/66/20kV Sokodé Substation and Transmission Line Construction Project. The commitment year is recorded as 2015, as the loan was committed by then, although with the 'Year uncertain' box checked in the absence of a confirmed commitment year.
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=0

📚 Sources & References

Rapport Sur L'Aide Publique au Developpement RAPD 2015
Togo-rapport sur l’aide publique au développement 2016
China's Overseas Development Finance 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.