Active Development AidData Chinese Aid

China Development Bank pledges to finance the 201km Bombeo-Villa Tunari Double Track Highway Construction Project

Funder	China Development Bank (CDB)
Recipient Organization	Government of Bolivia
Country	Bolivia
Start Date	Jan 01, 2018
End Date	Dec 18, 2031
Duration	5,099 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54941`

Grant Description

China Development Bank pledges to finance the 201km Bombeo-Villa Tunari Double Track Highway Construction Project On June 19, 2018, representatives of China Development Bank (CDB) and Bolivia Ministry of Development and Planning signed a Memorandum of Understanding (MOU) for the Bombeo-Villa Tunari Double Track Highway Construction Project.

The value It is unclear whether CDB ever signed a finalized financing agreement. This 201km road section is part of the No. 4 Highway, the main East-West road in Bolivia. At the time of signing, China Hydropower Construction Group International Engineering Co. Ltd. (SinoHydro) was supposed to be the implementing contractor.

The total value of this project is unknown.

At the same meeting, eight agreements were signed in total between Bolivian President Evo Morales and Chinese President Xi Jinping on subjects such as the export of coffee, meat, and quinoa; cultural cooperation; phytosanitary protocol; and economic and technical cooperation.

📋 Staff Comments

The Spanish project title is La construcción de la carretera doble vía Bombeo Villa Tunari. The Chinese project title is 玻利维亚庞贝欧－图纳里公路项目. One source mentions in October 2015, China loaned $7.5 billion USD for several infrastructure projects including the Rositas Hydroelectric Power Plant, upgrading Viru Viru airport, and a double land highway between Bombeo and Villa Tunari is also on the list. No source indicates that actual agreement is signed. Some media sources indicate the CDB will provide a 200 million yuan grant, however, an Economic and Technical Cooperation Agreement for 200 million yuan was signed on the same day per official sources, which is the potential source of confusion. Therefore, it is not recorded as the transaction amount, particularly given how unlikely it is for the CDB to have granted 200 million yuan.

📚 Sources & References

Bolivia: Chinese loan is for infrastructure projects
Industry Trend Analysis - Bolivia: New Agreements To Enhance China Infrastructure Role
Bolivia's Morales
China's Xi Sign Strategic Partnership, ¿Qué acuerdos firmaron China y Bolivia durante la visita de Evo al país asiático?
Bolivia y China firman acuerdos de exportación y asistencia técnica
People's Daily: China Development Bank and Bolivia Development Planning Department signed a memorandum of cooperation
China to provide funds for Bolivian road
Bolivia y China fortalecen lazos comerciales y abren mercado para la producción agrícola
Evo Morales y Xi Jinping firman 8 Convenios y Memorándums de Entendimiento en beneficio del país
China Sinohydro inicia obras en tramo El Sillar
PLAN DE DESARROLLO ECONÓMICO Y SOCIAL ESTADO PLURINACIONAL DE BOLIVIA EN EL MARCO DEL DESARROLLO INTEGRAL PARA VIVIR BIEN 2016 - 2020 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 Bolivia

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