Active Mixed AidData Chinese Aid

China Eximbank provides $619.9 million preferential buyer’s credit for Mbour-Fatick-Kaolack Highway Construction Project

$620K USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Senegalese Ministry of Infrastructure, Land Transport and the Opening up
Country	Senegal
Start Date	Jan 01, 2021
End Date	Nov 28, 2030
Duration	3,618 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`58273`

Grant Description

China Eximbank provides $619.9 million preferential buyer’s credit for Mbour-Fatick-Kaolack Highway Construction Project On January 6, 2019, Senegal’s Ministry of Foreign Affairs announced that during a visit to Senegal from Chinese Foreign Minister Wang Yi that the Chinese Government would finance the construction of the Mbour-Fatick-Kaolack Highway.

Then, in 2021, China Eximbank and the Government of Senegal signed a $619,961,775.90 preferential buyer’s credit (PBC) agreement for the Mbour-Fatick-Kaolack Highway Construction Project.

📋 Loan / Grant Terms

💹 Interest Rate2.2746%

The borrower was expected to use the proceeds of the PBC to finance approximately 85% of the total cost of a $738 million commercial contract with CCCC First Highway Engineering Bureau.

The project involves the construction of an expressway route (A2) from Mbour, Senegal connecting onwards to Fatick and Kaolack, and the expressway will be approximately 100 km with 2x2 lanes both 3.5 meters wide, a left side strip that is 1 meter wide, and an emergency stop strip 3 meters wide. The project will also construct an embankment on the side of the road.

CCCC First Highway Engineering Bureau was selected as the EPC contractor responsible for project implementation in May 2021. Then, in November 2021, project implementation commenced. At that time, the project was expected to reach completion by August 2025.

📋 Staff Comments

This project is also known as the Mbour-Kaolack Highway Project. The Chinese project title is 塞内加尔姆布尔-考拉克高速公路项目 or 塞内加尔姆布尔考拉克收费高速公路项目. The French project title is Le projet de l'autoroute à péage Mbour-Fatick-Kaolack.
The face value and commitment year of the loan were drawn from the World Bank’s Debtor Reporting System (https://www.dropbox.com/s/2sw4f7gluxa52fk/DRS%20Official%20Commitments%20from%20China%20Through%202021.xlsx?dl=0) in December 2022.
This loan is not included in the Chinese Loans to Africa (CLA) Database or the China’s Overseas Development Finance Dataset maintained by Boston University's Global Development Policy Center.
The borrowing terms of the loan are drawn from the World Bank's Debtor Reporting System (DRS). See https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0 and https://www.dropbox.com/s/p5trh0ilgrsc2r8/Average_interest%20_rates_official_sector_Chinese_lending_to_senegal_IDS_June%20_2023_extract.xlsx?dl=0

📚 Sources & References

Sénégal: Les deux pays préparent le financement de l'autoroute Mbour-Kaolack
中国进出口银行塞内加尔姆布尔-考拉克高速公路选聘律所项目成交公告
Fiche De Project
La chine va financer l’autoroute Mbour-Fatick-Kaolack, le nouveau siège du ministère des Affaires étrangères et…
驻塞内加尔大使就中塞农业合作接受《日报》专访
Autoroute Mbour-Fatick-Kaolack, siège du ministère des Affaires étrangères : La Chine apporte son concours financier
Sénégal: vers le démarrage des travaux de l’autoroute Mbour – Fatick – Kaolack, financée par la Chine, $850 Million Highway Funded By China Completed In Senegal
Senegal Completes $850 Million-Worth Road
AUTOROUTE MBOUR-FATICK-KAOLACK Le ministre Mansour Faye constate l’effectivité du démarrage des travaux
PROJET DE CONSTRUCTION DE L'AUTOROUTE MBOUR -KAOLACK
AUTOROUTE MBOUR-FATICK-KAOLACK Le ministre Mansour Faye constate l’effectivité du démarrage des travaux
Infrastructures : démarrage effectif des travaux de l’autoroute à péage Mbour-Fatick-Kaolack
Prolongement de l’autoroute à Kaolack : 460 milliards de Fcfa pour le tronçon Mbour-Fatick-Kaolack
Autoroute Mbour-Fatick-Kaolack : Le démarrage effectif des travaux constaté par le ministre Mansour Faye
Dans le cadre du projet de construction de l’autoroute Mbour-Fatick-Kaolack l’AGEROUTE a rassuré les populations sur les dispositions prises par l’Etat
DRS Official Commitments from China Through 2021
Projet D'autoroute Mbour,Kaolack:Bientôt les travaux pour mettre fin au calvaire des populations
Average interest
IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments
Sénégal : mise en service et lancement de deux autoroutes financées par la Chine
Sénégal : à Dakar, la Chine réaffirme ses engagements
中交一航局四公司中标塞内加尔姆布尔考拉克收费高速公路项目
L’autoroute Mbour-Fatick-Kaolack réalisée à 91 % 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.