Completed Development AidData Chinese Aid

China Eximbank provides $14.98 million loan for Metropolitan Internet Network Project (Linked to Record ID#36020)

¥14.98M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Burundi
Country	Burundi
Start Date	Dec 20, 2013
End Date	Sep 12, 2030
Duration	6,110 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`56892`

Grant Description

China Eximbank provides $14.98 million loan for Metropolitan Internet Network Project On December 20, 2013, China Eximbank and the Government of Burundi signed a $14.98 million loan agreement for the Metropolitan Internet Network Project.

📋 Loan / Grant Terms

📅 Maturity28 years

⏳ Grace Period8 years

💹 Interest Rate1%

The Burundian parliament ratified the loan agreement on August 21, 2014. The loan's principal amount outstanding was RMB 97,694,915.98 as of 2022. The purpose of the project was to build a 220 km fiber-optic network in the capital city of Bujumbura. The project was implemented by Huawei Technologies.

Construction began on October 28, 2014. The project was originally expected to be completed by the end of 2015.

However, it was ultimately completed and handed over to ONATEL — the country’s state-owned telecommunications operator — on December 16, 2016.

📋 Staff Comments

The construction of the fiber-optic network enabled the Chinese electronic provider StarTimes to contract TV services (see Record ID#36020).
The Chinese project title is 优惠贷款的布琼布拉城域网项目 or 城域网项目. The French project title is le projet de construction du réseau métropolitain d’internet.
Given that the loan was issued as a GCL, it was almost certainly denominated in RMB. However, the RMB face value of the original loan commitment is unknown. This issue warrants further investigation.
The 2022 amount outstanding is drawn from the following

📚 Sources & References

https://finances.gov.bi/wp-content/uploads/2023/05/Rapport-2022-FINAL_clean.pdf Sources: Analyse et adoption du Projet de Loi portant Ratification de l’Accord de prêt entre la République du Burundi et la Banque de l’Import-Export de Chine d’un montant de quatorze millions neuf cent quatre vingt mille Dollars américains destiné au projet de construction de Réseau Métropolitain d’Internet au Burundi, signé le 20 décembre 2013
Major Chinese projects in sub-Saharan Africa in 2016
Burundi: Metropolitan Area Network Launched in Capital Bujumbura
China’s satellite TV project for 10,000 African villages benefits Africa
Burundi : le Parlement approuve un prêt chinois de 14,98 millions USD
Formulation of the National Reform Program of Public Administration: Use of Information Technology and Communication
中企助力布隆迪进入“高清时代”
Ratification of Loan
Burundi: Parliament approves Chinese loan of 14.98 million USD
Burundi Capital Metropolitan Area Network Project
RÉFORMER L'ADMINISTRATION BURUNDAISE
据媒体报道
布隆迪议会通过城域网项目优贷
Bujumbura Metropolitan Area Network project officially started
布隆迪首都城域网项目
驻布隆迪大使郁序忠出席布琼布拉城域网项目开工仪式
布隆迪议会通过城域网项目优贷
布琼布拉城域网项目正式开工
Speech by DONG Guangli
Chargé d'Affaires of the Chinese Embassy in Burundi during open houses Editon 2014
Ministère des Finances, du Budget et de la Planification Economique Direction de la Dette Rapport Annuel Exercice 2022 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 Burundi

Interested in applying for this grant?

Complete our application form to express your interest and we'll guide you through the process.

Apply for This Grant