[Cancelled] China Eximbank provides $200 million loan for oil-backed Kélo-Pala-Léré-Cameroon Border Road Construction Project (Linked to Umbrella Record ID#56198)

[Cancelled] China Eximbank provides $200 million loan for oil-backed Kélo-Pala-Léré-Cameroon Border Road Construction Project In 2013, China Eximbank reportedly issued a $200 million oil-backed loan for the Kélo-Pala-Léré-Cameroon Border Road Construction Project. This road runs from the town of Kélo in the Tandjilé region, to the border with Cameroon, via Pala and Léré.

Several bridges ((Mbélé-Gounou Gaya / Moursalé-Baouré) were also to be constructed, including one that would lead to to Baoré (where a China Eximbank-financed cement plant was constructed in 2012).

Gezhouba Group and China Communications First Highway Engineering Bureau Co., Ltd. were the contractors responsible for implementation. A foundation-laying ceremony was held on February 4, 2013 and the project was expected to take 42 months to complete. However, this project was not completed with financing from China Eximbank.

Although it was initially approved for financing through a subsidiary loan under the Master Loan Facility Agreement (MLFA) that the Government of Chad signed with China Eximbank in 2011 (as captured via Record#56198), the MLFA was subsequently cancelled in December 2013. Therefore, AidData has status-coded this loan-financed project as cancelled.