Completed Mixed AidData Chinese Aid

[China-Venezuela Joint Fund] Yaguara-Montalbán Highway Exit Ramps(Linked to Record ID#58677)

Funder	China Development Bank (CDB)
Recipient Organization	Banco de Desarrollo Económico y Social de Venezuela (BANDES)\|China-Venezuela Joint Fund
Country	Venezuela
Start Date	Jan 01, 2010
End Date	Feb 14, 2030
Duration	7,349 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`58724`

Grant Description

[China-Venezuela Joint Fund] Yaguara-Montalbán Highway Exit Ramps In 2010, the China-Venezuela Joint Fund funded the construction of the Yaguara- Montalbán highway exit.

The Yaguara-Montalbán highway exit ramps were inaugurated by the Venezuelan government in 2010, and was estimated to be finished with on August 20 of 2010. Its status is complete. It is estimated that 20,000 cars go by this exit daily. The project cost 32 million bolívares total (Correo del Orinoco).

The China-Venezuela Joint Fund receives contributions from China Development Bank and FONDEN, and it is administered by BANDES. See Record ID#58677 for more information on the fund. The first commitment to this fund was made in 2007.

📋 Staff Comments

The flow type is unclear, however, the Chinese part of the fund is financed by a loan, so the same could be assumed here. The transaction amounts for all sub-projects are accounted for in the projects for the three tranches and their renewals. Because it is unclear how much funding for each project is from the Chinese side and it is unclear which tranche is funding each sub-project, the transaction amounts should not be recorded until this information is known.

📚 Sources & References

The Sustainable Infrastructure Finance of China Development Bank: Composition
Experience and Policy Implications
La presencia económica de China en Venezuela
Bandes ha invertido más de US$ 3,7 millardos en ejecución de obras
China y Venezuela: Una alianza estratégica para el desarrollo compartido
Este Domingo/Gobierno Bolivariano inaugura Distribuidor La Yaguara-Montalbán
China y Venezuela: Una alianza estratégica para el desarrollo compartido
Venezuela China - 40 de Años De Relaciones Bilaterales
Gobierno Bolivariano inauguró rampas 1 y 2 del distribuidor La Yaguara
Gaceta Oficial de la Republica Bolivariana de Venezuela
China-Venezuela Economic Relations: Hedging Venezuelan Bets with Chinese Characteristics
Exhibit D to the Bolivarian Republic of Venezuela's Annual Report on Form 18-K
Financiamientos desde el Fondo Conjunto Chino-Venezolano 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

Banco de Desarrollo Económico y Social de Venezuela (BANDES)|China-Venezuela Joint Fund

Interested in applying for this grant?

Complete our application form to express your interest and we'll guide you through the process.

Apply for This Grant