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Chinese Government provides RMB 14,620,000 interest-free loan for 4.3 km Buenos Aires Avenue Asphalting Project (Linked to Record ID#64944)
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Bolivia |
| Country | Bolivia |
| Start Date | May 01, 2001 |
| End Date | Oct 24, 2027 |
| Duration | 9,672 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 54826 |
Grant Description
Chinese Government provides RMB 14,620,000 interest-free loan for 4.3 km Buenos Aires Avenue Asphalting Project “In May 2001, the Chinese Government provided an RMB 14,620,000 interest-free loan to the Government of Bolivia — through an Economic and Technical Cooperation Agreement (ETCA) — for the 4.3 km Buenos Aires Avenue Asphalting Project.
The loan’s (principal) amount outstanding was $1,876,705 as of December 31, 2012, $1,688,166 as of December 31, 2013, $1,414,189 as of December 31, 2014, $1,126,348 as of December 31, 2015, $840,725 as of December 31, 2016, and $0 as of December 31, 2017.
The borrower made loan repayments worth $236,953 in 2013 ($236,953 in principal and $0 in interest), $233,174 in 2014 ($233,174 in principal and $0 in interest), $235,336 in 2015 ($235,336 in principal and $0 in interest), and $226,274 in 2016 ($226,274 in principal and $0 in interest).
Then, on April 28, 2017, the borrower’s obligation to repay the loan’s outstanding amount (RMB 5,848,000 or $840,725) was cancelled by the Chinese Government (as captured via Record ID#64923). The project involved the paving of Buenos Aires Avenue.
The paved portion of the Buenos Aires Avenue in La Paz stretches from Abaroa Bridge to Ramiro Castillo Square, Inca Llojeta area, for a total length of 4.3 kilometers.
Guangdong Overseas Construction Group, Henan Transportation Planning Survey and Design Institute, and Xinjiang Chenghui Engineering Management Co., Ltd were the contractors responsible for project implementation, This project was completed on August 22, 2009.
In 2017, the Chinese Government forgave the remaining balance on the loan, totaling RMB 5,848,000 (captured via Record ID#64923).
Staff Comments
- The Central Bank of Bolivia identifies the value of the loan as ~$3,143,528 USD.
- This record has been marked as having evidence of financial distress because it was subject to the debt forgiveness captured in record #64923.
- The Chinese project title is 玻利维亚拉巴斯市布宜诺斯艾利斯大道路面铺设项目在拉.
Sources & References
- Informe de la Deuda Externa Publica al 30 de junio de 2013
- Informe de la Deuda Externa Publica al 31 de diciembre de 2013
- Informe de la Deuda Externa Publica al 31 de diciembre de 2016
- 重要的双边会谈和协议
- I hold a press conference for the paving project of Buenos Aires Avenue in La Paz
- Bolivia
- TARJETA DE REGISTRO: Gobierno Autónomo Municipal de La Paz
- 我援助玻利维亚拉巴斯市布宜诺斯艾利斯大道路面铺设项目竣工仪式隆重举行
- Working Paper No. 2/2018: The growing Chinese presence in Latin America and its (Geo)political manifestations in Bolivia
- Bond Prospectus Government of La Paz
- Are Chinese Economic Actors Poised to Dominate Latin American Economies? A View from Bolivia and Chile
- Informe de la Deuda Externa Publica al 31 de diciembre de 2015
- Informe de la Deuda Externa Publica al 31 de diciembre de 2014
- INFORME de la DEUDA EXTERNA PÚBLICA AL 31 DE DICIEMBRE DE 2017
- INFORME de la DEUDA EXTERNA PÚBLICA AL 31 DE DICIEMBRE DE 2018
- INFORME de la DEUDA EXTERNA PÚBLICA AL 31 DE DICIEMBRE DE 2019
- INFORME DE LA DEUDA PÚBLICA EXTERNA AL 31 DE DICIEMBRE DE 2021 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.
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Government of Bolivia
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