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China Eximbank pledges $31.5 million loan for acquisition of MA60 aircraft as part of ‘buy one, get one free’ deal (Linked to Record ID#30063)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Burundi |
| Country | Burundi |
| Start Date | Jan 01, 2011 |
| End Date | Oct 03, 2032 |
| Duration | 7,946 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 56914 |
Grant Description
China Eximbank pledges $31.5 million loan for acquisition of MA60 aircraft as part of ‘buy one, get one free’ deal On September 16, 2011, AVIC International and Burundi’s Ministry of Transport, Public Works and Equipment signed a commercial contract for an MA60 Acquisition Project.
This contract was reportedly part of a “buy one, get one free” deal in which the Chinese Government promised to donate one MA60 from AVIC International on the condition that the Government of Burundi would buy a second MA60 aircraft from the same company.
On June 29, 2012, AVIC International successfully delivered the first MA60 (funded with a Chinese Government grant) to the Government of Burundi.
Then, on August 16, 2013, China Eximbank and the Government of Burundi signed a preferential loan framework agreement for the acquisition of one MA60 aircraft (capable of carrying 56 passengers).
However, it does not appears that a loan agreement was ever finalized.
Staff Comments
- The Chinese project title is 中国产新舟60飞机. -- For the time being, AidData uses the face value of the loan pledge (captured in Project ID#56914) to estimate the value of the grant commitment for Project ID#30063.
Sources & References
- https://www.assemblee.bi/spip.php?page=imprimer&id_article=792
- DISCOURS PRONONCE PAR LE PRESIDENT DU SENAT DU BURUNDI LORS DE L’OUVERTURE DE LA SESSION ORDINAIRE DE FEVRIER 2015
- COMMUNIQUE DE PRESSE DE LA REUNION DU CONSEIL DES MINISTRES DU MERCREDI 09 AVRIL 2014
- Plus de six milliards de Fbu pour faire voler le MA 60 chinois …
- Air Burundi Wiki
- Coopération sino-burundaise : les aides doublent depuis 2011
- Les conclusions de la réunion du Co…cembre.pdf
- Communique de Presse de la Reunion du conseil des ministres du Mercredi 09 avril 2014
- 中布双方签署优惠贷款框架协议, “新舟”60，布隆迪航空的“第一架”飞机
- Air Burundi to need $4mln to resume services
- 中航国际与布隆迪签署两架MA60飞机出口合同
- 中国自主品牌新舟60飞机向布隆迪交付首架
- THE GREAT ACHIEVEMENTS OF THE GOVERNMENT IN SOCIO‐ ECONOMIC GOVERNANCE
- Le Burundi réceptionne un avion MA-60, don de la Chine
- Burundi: Le MA60 Chinois atterrit à Bujumbura., “新舟”60，布隆迪航空的“第一架”飞机
- 中布双方签署优惠贷款框架协议 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.
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Government of Burundi
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