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China Eximbank pledges loan for Phase 2 of the Fisheries Road Project

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Benin
Country	Benin
Start Date	Mar 01, 2017
End Date	Oct 20, 2030
Duration	4,981 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`58684`

Grant Description

China Eximbank pledges loan for Phase 2 of the Fisheries Road Project On March 1, 2017, Benin’s Council of Ministers approved the Phase 2 of the Fisheries Road Project, which was to be financed with a loan from China Eximbank.

Then, on September 27, 2017, the Government of Benin and Xinxing Group signed a $62 million commercial contract for the project.

However, according to the Government of Benin, China Eximbank never transmitted the draft loan agreement for review and ratification, which delayed the launch of the project.

The purpose of the project is to support Phase 2 of the Fisheries Road (Route des pêches), including a 22.3 km Adounko-Porte de Non-retour section, a 5.22 km Adounko-Cococodji section, a 5.5 km Avlékété-Pahou section, a 12.8 km Porte du non-retour-Bouche du Roi section, and a 8 km Porte du non-retour-RNIE1 section.

📋 Staff Comments

This project is also known as Phase 2 of the Fisheries Road Project.
The French project title is Route des pêches (Phase 2) –23 km or Aménagement en 2x2 voies de la section Adounko-Porte de Non-retour (22,3km) avec les bretelles Adounko-Cococodji (5,22km), Avlékété-Pahou (5,5km), Porte du non-retour-Bouche du roi (12,80km) et Porte du non-retour-RNIE1 (8,00km).
According to the Government of Benin, China Eximbank never transmitted the draft loan agreement for review and ratification, which delayed the launch of the project. Furthermore, as of July 2023, there is no evidence of official loan commitment. Therefore, the project status is coded as Pipeline: Pledge for the time being.

📚 Sources & References

PRESENTATION OF THE 2019 BUDGET OF THE MINISTRY OF INFRASTRUCTURE AND TRANSPORT BY MINISTER ALASSANE SEIDOU
Cabinet of Ministers of March 1, 2017: Here are all the points addressed and presented by Koupaki
Compte-Rendu-du-Conseil-des-Ministres-du-1er-Mars-2017
RAPPORT ALTERNATIF A MI-PARCOURS DE SUIVI DES PROJETS PHARES DU PAG 2016-2021
Aménagement et bitumage de la Route des Pêches: Pour booster le tourisme et mettre en marche le Bénin
INVESTIR AU BÉNIN
LA PORTE D’ENTRÉE DE L’AFRIQUE DE L’OUEST
Fisheries Road Project: the Benin welcomes the works that will transform its maritime facade 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.