China Eximbank commits to $20 million loan for Mzuzu International Airport Project

Funder	China (People's Republic of)
Recipient Organization	Malawi
Country	Malawi
Start Date	Sep 02, 2017
End Date	Mar 20, 2033
Duration	5,678 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`57555`

Grant Description

China Eximbank commits to $20 million loan for Mzuzu International Airport Project In July 2017, according to the Malawi Ministry of Finance, Economic Planning and Development, China Exim Bank loaned $20 million USD to Malawi for the construction of the Mzuzu airport in Lusangazi. The project construction was intended to start in January 2018.

According for the Center for Aviation, the airport will be developed on a 90 acre site with two 2000m runways. The project is expected to be completed on December 31, 2020. 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.