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China Eximbank provides RMB 1.09 billion government concessional loan for RN5A (Ambilobe-Vohémar Road) Rehabilitation Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Madagascar |
| Country | Madagascar |
| Start Date | Jun 14, 2019 |
| End Date | Jun 22, 2032 |
| Duration | 4,757 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 57758 |
Grant Description
China Eximbank provides RMB 1.09 billion government concessional loan for RN5A (Ambilobe-Vohémar Road) Rehabilitation Project On April 10, 2019, the Chinese Government and the Government of Madagascar signed an MOU regarding the financing of the RN5A (Ambilobe-Vohémar Road) Rehabilitation Project.
The MOU was signed by MOU was signed by the Chargé d'Affaires of the Chinese Embassy in Madagascar, Chen Xiaolei, and the Malagasy Minister of Foreign Affairs, Naina Andriatsitohaina.
Then, on June 14, 2019, China Eximbank and the Government of Madagascar signed an RMB 1,090,000,000 (approximately $156 million or MGA 506 billion) government concessional loan (GCL) agreement for the RN5A (Ambilobe-Vohémar Road) Rehabilitation Project.
The project involves the rehabilitation of a 151 km road — known as RN5A — that connects Ambilobe and Vohémar in the north of Madagascar. It also involves the construction of five new bridges and the renovation of ten pre-existing bridges.
The regions of Diana and Sava are among the most productive in Madagascar with cloves, cocoa and vanilla, but they suffer from the very poor quality roads.
Upon completion, it is envisaged that the rehabilitated RN5A will become the main and only direct line connecting the east and west coasts and will provide a seamless route between the two cities. China Road and Bridge Corporation (CRBC) is the contractor responsible for implementation.
A groundbreaking ceremony took place on April 13, 2019 and the project was originally expected to reach completion by June 26, 2021. However, the COVID-19 pandemic led to project implementation delays. CRBC eventually resumed construction, and as of January 2022, the project had achieved a 75% completion rate.
The project was ultimately completed on September 9, 2022.
Staff Comments
- The French project title is Travaux de Bitumage de la RN5A Entre Ambilobe et Vohemar or Le bitumage de la RN 5A reliant Ambilobe à Vohémar or Travaux de bitumage de la RN 5A reliant Ambilobe à Vohémar or Projet de mise à niveau et de réhabilitation de la RN5A reliant Ambilobe à Vohémar. The Malagasy project title is Ny fandrakofana tara ny RN5A eo anelanelan’Ambilobe sy Vohémar. The Chinese project title is 马达加斯加5A国道升级改造项目 or 5A国道改造目 or 5A国道改造优惠贷款项目 or 马达加斯加5A国道项目.
- In the World Bank’s Debtor Reporting System (DRS), the face value of the loan is identified as $157,831,150.
- See https://www.dropbox.com/scl/fi/vp2vj2vnsg5es4xqlc6yu/August-2024-IDS-Download-Madagascar-s-Borrowings-and-Borrowing-Terms-from-Official-Sector-PRC-Creditors.xlsx?rlkey=firb8mdfkh9ae8tsjad4v4t52&dl=03. According to the World Bank's Debtor Reporting System (DRS), the weighted average grace period of all official sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Madagascar was 5.8-years in 2019. AidData estimates the grace period of the China Eximbank loan by using this figure. See https://www.dropbox.com/scl/fi/vp2vj2vnsg5es4xqlc6yu/August-2024-IDS-Download-Madagascar-s-Borrowings-and-Borrowing-Terms-from-Official-Sector-PRC-Creditors.xlsx?rlkey=firb8mdfkh9ae8tsjad4v4t52&dl=04. According to the World Bank's Debtor Reporting System (DRS), the weighted average maturity of all official sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Madagascar was 35.8-years in 2019. AidData estimates the maturity of the China Eximbank loan by using this figure. See https://www.dropbox.com/scl/fi/vp2vj2vnsg5es4xqlc6yu/August-2024-IDS-Download-Madagascar-s-Borrowings-and-Borrowing-Terms-from-Official-Sector-PRC-Creditors.xlsx?rlkey=firb8mdfkh9ae8tsjad4v4t52&dl=05. According to the World Bank's Debtor Reporting System (DRS), the weighted average interest rate of all official sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Madagascar was 1.5% in 2019. AidData estimates the interest rate of the China Eximbank loan by using this figure. See https://www.dropbox.com/scl/fi/vp2vj2vnsg5es4xqlc6yu/August-2024-IDS-Download-Madagascar-s-Borrowings-and-Borrowing-Terms-from-Official-Sector-PRC-Creditors.xlsx?rlkey=firb8mdfkh9ae8tsjad4v4t52&dl=0
Sources & References
- Tome 3: Cadre a Moyen Terme
- La Chine va financer la réhabilitation d'une route nationale dans le nord de Madagascar
- CADRE A MOYEN TERME ANNEXE A L’ORDONNANCE N°2019-016 PORTANT LOI DE FINANCES POUR 2020
- RN5A Start of works in August
- PROJET D’ORDONNANCE N°2019-XXX PORTANT LOI DE FINANCES RECTIFICATIVE POUR 2019
- Ambilobe-Vohemar : lancement officiel des travaux de réhabilitation et de bitumage de la RN5A
- Réhabilitation de la RN5A : « Les travaux débuteront d’ici quelques jours et seront bien menés à termes »
- Décision n°6-HCC/D1 du 21 juin 2019 concernant l’ordonnance n°2019-014
- China to finance rehabilitation of national road in Madagascar
- 马达加斯加5A国道升级改造项目开工
- China's aid to Malaysia 5A national road reconstruction project concessional loan framework agreement signed in Malaysia
- DOCUMENT BUDGETAIRE
- La Chine va financer la réhabilitation d'une route nationale dans le nord de Madagascar
- STRATEGIE DE LA DETTE A MOYEN-TERME
- 马达加斯加5A国道升级改造项目开工, 5A国道改造优惠贷款项目开工仪式在马达加斯加举行
- 马达加斯加5A国道升级改造项目开工
- 中国援马达加斯加国道改造项目 优惠贷款框架协议签署
- Projet de mise à niveau et de réhabilitation de la RN5A reliant Ambilobe à Vohémar
- Ambilobe-Vohemar _ lancement officiel des travaux de réhabilitation et de bitumage de la RN5A
- DRS Official Commitments from China through 2020
- Madagascar_2020_Execution_External_DebtReport_NatTreasury_COMESASADC_French_1
- COMPTE RENDU DU CONSEIL DES MINISTRES DU 19 JUIN 2019
- Dette publique : 4 135,2 Millions USD en fin septembre 2019
- BSD-16
- China Loans to Africa
- INFRASTRUCTURES – La réhabilitation de la route nationale (RN) 5A reliant Ambilobe à Vohémar terminée à 75% selon le ministère des Travaux publics
- Document Budgetaire: ANNEXE AU PROJET DE LOI N°034/2018 DU 24 OCTOBRE 2018 PORTANT LOI DE FINANCES POUR 2019
- 分享 马达加斯加总统安德里·拉乔利纳出席5A国道项目竣工典礼
- 郭晓梅大使陪同拉乔利纳总统出席5A国道整治项目通车仪式
- 郭晓梅大使陪同拉乔利纳总统出席5A国道整治项目通车仪式
- Inauguration de la RN5 A, reliant Vohémar à Ambilobe
- 郭晓梅大使陪同拉乔利纳总统出席5A国道整治项目通车仪式
- 中企承建马达加斯加交通项目竣工
- 进出口银行支持马达加斯加多领域基础设施建设
- August 2024 Madagascar's Borrowings and Borrowing Terms from Official Sector PRC Creditors
- Madagascar road resurfacing project
- Madagascar Country Economic Memorandum: Scaling Success Building a Resilient Economy
- AFRICAN DEVELOPMENT FUND
- MULTINATIONAL - MADAGASCAR - BEIRA PORT: CORRIDOR DEVELOPMENT AND TRADE FACILITATION PROJECT
- PHASE II
- China's Overseas Development Finance 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 Madagascar
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