Completed Development AidData Chinese Aid

China Eximbank provides RMB 100 million government concessional loan for the Second Phase of Jamaica Water System Rehabilitation Project (Linked to Record ID#69263)

¥100M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Jamaica
Country	Jamaica
Start Date	Apr 14, 2000
End Date	May 05, 2029
Duration	10,613 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`56752`

Grant Description

China Eximbank provides RMB 100 million government concessional loan for the Second Phase of Jamaica Water System Rehabilitation Project On April 14, 2000, the Export-Import Bank of China and the Government of Jamaica signed a RMB 100 million government concessional loan (GCL) agreement for the Second Phase of the Jamaica Water System Rehabilitation Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following borrowing terms: a maturity period of 10

The first scheduled date of loan repayment was January 1, 2005 and the final date of scheduled loan repayment was July 10, 2010.

The proceeds of the loan were to be used by the borrower to acquire equipment and supplies to support the implementation of the Jamaica Water System Rehabilitation Project. As of October 30, 2021, the loan had achieved a 100% disbursement rate (RMB 100 million out of RMB 100 million). Its outstanding amount was zero as of October 30, 2021.

China National Corporation for Overseas Economic Cooperation was the contractor responsible for project implementation.

Given that the loan fully disbursed and China Eximbank funded a subsequent phase of the same project, AidData has assumed that the project reached completion (although the precise date of completion is unknown).

📋 Staff Comments

This project is also known as the Second Phase of the Jamaica Water System Rehabilitation & Extension Project.
The China Eximbank-financed Third Phase of the Jamaica Water System Rehabilitation & Extension is captured in Project ID#69263.
The China Eximbank loan that supported this project is not included in the China-Latin America Finance Database, co-produced by the Inter-American Dialogue and Boston University’s Global Development Policy Center.

📚 Sources & References

Remarks by Ambassador Zhao Zhenyu at the Official Reception and Unloading Ceremony of the Shipment of Pipes from China
Communities to Benefit From China/Jamaica Water Project, 2008-2009 Jamaica Budget
Eximbank Provides Soft Loan to Jamaican Water-Supply Project
Eximbank Provides Soft Loan to Jamaican Water-Supply Project.
牙买加水利和住房部长多纳德 • 布坎南在出席我援牙供水管道项目物资接收仪式上的讲话
Ambassador Zhao Zhenyu Attended the Official Reception & Unloading of Shipment of Pipes from China
Correspondence between AidData Executive Director and Jamaica MOF representative
Aiding Transparency: What We Can Learn About China ExIm Bank’s Concessional Loans
China-Latin America Finance Database
Correspondence between AidData and Jamaican Ministry of Finance and Public Service
Status of Loans from China, 12/31/2018
Status of Loans from China, 10/31/2021
INDEX TO FINANCIAL STATEMENTS AND REVENUE ESTIMATES, 03/31/2017
Financial Statements & Revenue Estimates 2006-2007
Financial Statements & Revenue Estimates 2007-2008
Financial Statements & Revenue Estimates 2008-2009
Financial Statements & Revenue Estimates 2009-2010
Financial Statements & Revenue Estimates 2010-2011
Financial Statements and Revenue Estimates 2003-2004 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.