Chinese Government provides CVE 1.1 billion grant for Presidential Palace Renovation and Expansion Project (Linked to Record ID#72861)

On December 30, 2011, the Chinese Government and the Government of Cape Verde signed letters of exchange regarding a Presidential Palace Renovation and Expansion Project.

This project appears to have been financed with a CVE 1.1 billion (9.9 million euro) grant from China’s Ministry of Commerce (MOFCOM).

The project involved expanding the grounds of the presidential palace, which is located in the capital city of Praia, to 4,000 square meters and renovating major spaces (such as a banquet hall and an administrative building) while maintaining the historic character of the building. It also involved reinforcement and renovation of an observation deck, a fence, and a gate.

The palace was originally built by the Portuguese during the colonial era. 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.