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Chinese Government pledges loan for transport infrastructure projects
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Botswana |
| Country | Botswana |
| Start Date | Sep 01, 2018 |
| End Date | Aug 18, 2032 |
| Duration | 5,100 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 58447 |
Grant Description
Chinese Government pledges loan for transport infrastructure projects On September 8, 2018 following his official visit to Beijing, Botswana President Mokgweetsi Masisi announced that the Chinese Government pledged a loan to the Government of Botswana for transport infrastructure projects.
He did not disclose the face value of the loan, but prior to the visit the Botswana Ministry of Finance said they were seeking a P 12 billion pula (USD 1.09 billion) loan for road and rail projects. As of November 2018, the financing was still under assessment, and no commitment had been made.
This loan may have been allocated to the following three projects: the Motsetse-Kazungula Railway, the Palapye-Martin's Drift Road, and the Francistown-Nata-Maun Road (see Record ID#57892, #88502). The financial breakdown is unknown.
Sources & References
- Botswana set to finance infrastructure through Chinese loans
- Railway to enhance regional trade
- Botswana says China agreed to extend loan, cancel debt
- China to Extend Botswana's Loan and Forgive Debt, 2019 Budget speech [full text]
- New 10m tonne coal railway construction set for 2021
- BUSINESS BREAFAST SEMINAR 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 Botswana
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