Chinese Government provides RMB 50 million loan for Urban Avenue Reconstruction Project

Funder	China (People's Republic of)
Recipient Organization	Ethiopia
Country	Ethiopia
Start Date	Oct 20, 2006
End Date	Nov 30, 2031
Duration	9,172 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59007`

Grant Description

Chinese Government provides RMB 50 million loan for Urban Avenue Reconstruction Project In 2006, the Chinese government agreed to provide an RMB 50 million loan to Ethiopia for the reconstruction of Urban Avenue in Addis Ababa. The China Road & Bridge Corporation (CRBC) was the contractor. 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.