Completed Development AidData Chinese Aid

Chinese Government provides RMB 50.2 million interest-free loan for Kipsigak-Serem-Shamakhokho Road Project (Linked to Record ID#58024 and #108)

¥50.28M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Kenya
Country	Kenya
Start Date	Apr 24, 2002
End Date	Aug 14, 2030
Duration	10,339 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`58026`

Grant Description

Chinese Government provides RMB 50.2 million interest-free loan for Kipsigak-Serem-Shamakhokho Road Project On April 24, 2002, the Chinese Government issued an RMB 50 million interest-free loan — through an Economic and Technical Cooperation Agreement (ETCA) — to the Government of Kenya for the Kipsigak-Serem-Shamakhokho Road Project.

The face value of the loan was subsequently revised to RMB 50,278,653.

📋 Loan / Grant Terms

💰 Loan Amountwere as follows: a 19

📅 Maturity19.75 years

⏳ Grace Period8 years

💹 Interest Rate0%

The loan’s final maturity date was January 1, 2022. The borrower made no repayments between July 1, 2018 and June 30, 2022.

The loan’s amount outstanding was RMB 10,055,730.60 as of June 30, 2020, RMB 10,055,730.60 as of June 30, 2021, and RMB 10,055,730.60 as of June 30, 2022.

The project involved the construction of a 53.2 kilometer, 6-meter wide road that runs through ZakAnsah Province, Western Province and Rift Valley Province.

The road begins in Kipsigak (a village near Kapsabet in Kilibwoni division with Nandi County) and proceeds to Serem (a village in Vihiga County) and then onward to Shamakhokho (a village in Vihiga County). Administratively, Kipsigak is a location in Kilibwoni division of Nandi County. The contractors responsible for project design and implementation were China WuYi Co.

Ltd. and Henan Provincial Communications Planning, Survey & Design Institute Co. LTD. Project implementation commenced on October 24, 2002. The project was completed before the stipulated end of the contract period -- on November 6, 2006.

📋 Staff Comments

The loan is recorded in the Government of Kenya's External Public Debt Register as 'Kipsigak-Serem-Shamakhokho Road 3 Loan No 10 - 2002005' or '2002005_1'.
The Chinese project title is 基塞沙公路 or 肯尼亚——基塞沙公路.
The Chinese Government supported this project with 3 consecutive, RMB 50 million interest-free loans: one in 1999, one in 2001, and one in 2002. This project record refers to the last of the three interest-free loans.
The amounts outstanding and repayments data are drawn from the Kenyan Treasury’s External Public Debt Register. See https://www.dropbox.com/s/549ixt2gj1jbjvi/External-Public-Debt-Register-as-at-End-June-2022.pdf?dl=0 and https://www.dropbox.com/s/0et4jg1qfg1bo7r/External-Public-Debt-Register-as-at-End-June-2021.pdf?dl=0 and https://www.dropbox.com/s/233j706743q7f1g/External-Public-Debt-Register-as-at-End-June-2020.pdf?dl=0 and https://www.dropbox.com/s/qkoybr9ja0ohemy/External-Public-Debt-Register-as-at-End-June-2009.pdf?dl=0 and https://www.dropbox.com/s/thy3s6ggjcjd97z/External-Public-Debt-Register-as-at-End-June-2012.pdf?dl=0 and https://www.dropbox.com/s/fzbfq01vas6m0i9/External-Public-Debt-Register-as-at-End-June-2019.pdf?dl=0 and https://www.dropbox.com/s/ennrl6d4zd2nizs/External-Public-Debt-Register-as-at-End-June-2018.pdf?dl=0 and https://www.dropbox.com/s/8ibazrj1a8oho2d/External-Public-Debt-Register-as-at-End-June-2017.pdf?dl=0 and https://www.dropbox.com/s/wdbjl0wq49i09x1/External-Public-Debt-Register-as-at-End-June-2015.pdf?dl=0

📚 Sources & References

Kipsigak-Serem-Shamakhokho Highway in Kenya
Roundup: Kenya
China Vow to Boost Economic Ties
援外司、经商处检查援肯基塞沙公路项目
External Public Debt Register 2012
External Public Debt Register 2012
The National Treasury Public Debt Management Office Summary Statement 2021/2022
SUMMARY STATEMENT OF PUBLIC DEBT FOR 2020/2021FY IN FOREIGN CURRENCY 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.