Completed Development AidData Chinese Aid

China Eximbank provides RMB 31.2 million government concessional loan for Gaborone Housing Project (425 Units)

¥32.41M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Botswana
Country	Botswana
Start Date	Oct 30, 2003
End Date	Jun 03, 2033
Duration	10,809 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`57225`

Grant Description

China Eximbank provides RMB 31.2 million government concessional loan for Gaborone Housing Project (425 Units) On October 30, 2001, China Eximbank and the Government of Botswana signed a government concessional loan (GCL) agreement worth RMB 32.41 million.

📋 Loan / Grant Terms

📅 Maturity12.5 years

⏳ Grace Period5 years

💹 Interest Rate4%

Botswana’s Parliament ratified this loan agreement on May 30, 2003. The face value of the loan was subsequently revised to RMB 31,211,039. Its final maturity date was May 10, 2014. The proceeds of the loan were on-lent to Botswana Housing Corporation. This project involved the construction of 425 low-income housing units in Gaborone.

Complant Botswana (Pty) Ltd., a subsidiary of China National Overseas Engineering Corporation (COVEC), was the contractor responsible for implementation.

It signed a construction contract (serial number: Contract C539) with the Botswana Housing Corporation on May 23, 2001 and the proceeds from the China Eximbank GCL were used to finance this contract. By June 2006, this project was completed.

📋 Staff Comments

This project is also known as the BHC Gaborone Housing Project or the Botswana Housing Project (Gaborone). This project was completed in June 2005. The Chinese project tittle is 博茨瓦纳的低造价住房项目 or 低造价住房共425 or 425套住宅及配套项目.
In the database of Chinese loan commitments that it released in July 2020, SAIS-CARI does not include this loan. It does include a $3 million loan from China Eximbank in 2001 for the “Gaborone BHC houses - 217 Houses” Project. However, AidData has not identified any official sources that corroborate the existence of such a loan.
The China Eximbank loan agreement can be accessed in its entirety via https://docs.aiddata.org/ad4/pdfs/how_china_lends/BWA_2001_430.pdf

📚 Sources & References

African Union for Housing Finance Conference: Financing Social Housing In Africa
China Eximbank
Annual Statement of Accounts for the financial year ended 31st March 2015
BOTSWANA HOUSING (GABORONE) PROJECT LOANAGREEMENT (RATIFICATION) ACT, 2003
China's role in infrastructure development in Botswana [Part 1]
Government of Botswana External Debt Tables 2010
Presentation to the African Union for Housing Finance (AUHF) Conference
公司介绍
吴官正在博茨瓦纳视察我援建住房项目 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.