Completed Development AidData Chinese Aid

Chinese Government RMB 40 million interest-free loan for Megenagna-Kebena Bridge-Arat Killlo and Kebena Bridge-Menelik II Hospital (5.8 km) Urban Arterial Road Project

¥40M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Ethiopia
Country	Ethiopia
Start Date	Apr 11, 2006
End Date	Sep 20, 2026
Duration	7,467 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59016`

Grant Description

Chinese Government RMB 40 million interest-free loan for Megenagna-Kebena Bridge-Arat Killlo and Kebena Bridge-Menelik II Hospital (5.8 km) Urban Arterial Road Project On April 11, 2006, the Chinese Government and the Government of Ethiopia signed an interest-free loan agreement worth approximately RMB 40 million for the Megenagna-Kebena Bridge-Arat Killlo and Kebena Bridge-Menelik II Hospital (5.8 km) Urban Arterial Road Project.

According to the Government of Ethiopia’s Aid Management Platform (AMP), the loan fully disbursed in a single tranche on March 31, 2011. According to the Chinese Embassy in Ethiopia, the project was co-financed with the Addis Ababa City Administration.

The purpose of this project was to construct or rehabilitate 5.8 km of roads from Kebena Bridge Square to Menelik II Hospital and from Megenagna to Arat Killlo via Kebena Bridge. China Road and Bridge Corporation (CRBC) was the contractor responsible for implementation.

On April 24, 2010, an official project completion ceremony for the Kebena Square-Arat Kilo Road Project was held at the Kebena Bridge Square in the capital city of Addis Ababa.

📋 Staff Comments

This project is also known as the Kebena Square-Arat Kilo Road Project and the Maganagna - Kebena - Menelik Hospital and Kebena Bridge - Arat Killo Road Project.
The precise borrowing terms of the interest-free loan are unknown. Therefore, standard MOFCOM interest-free loan borrowing terms (0% interest rate, 10-year grace period, 20-year maturity) are assumed.
The AMP system identification number for the project is 87143123101090.
AidData relies on the following MOFED estimate of the face value of the loan: https://www.sciedupress.com/journal/index.php/jms/article/viewFile/25488/16079. The Government of Ethiopia's Aid Management Platform identifies the face value of the loan as ETB 129,552,941. 1 Ethiopian Birr (ETB) was equal to 0.96 Chinese yuan (RMB) in April 2006, which implies that the ETB 129,552,941 loan commitment for the Megenagna-Kebena Bridge-Arat Killlo and Kebena Bridge-Menelik II Hospital (5.8 km) Urban Arterial Road Project recorded in the AMP was worth RMB 124,370,823.36 at that time that it was contracted. This discrepancy warrants further investigation.
This MOFCOM loan is not included in the database of Chinese loan commitments that SAIS-CARI released in 2020 and re-released in 2021. Nor was it included it in the Chinese Loans to Africa (CLA) Database — that is maintained by Boston University's Global Development Policy Center — as of August 2024.

📚 Sources & References

The Kebena Square-Arat Kilo Road Project Inaugurated
CHINA-ETHIOPIA ECONOMIC AND POLITICAL RELATIONS POST 1991 PERIOD
Megenagna Road Arat Kilo Roundabout
Kebena Square
Megenagna-Kebena Bridge-Arat Killlo and Kebena Bridge-Menelik II Hospital (5.8 km) Urban Arterial Road Project
The Kebena Square-Arat Kilo Road Project Inaugurated
China-Ethiopia Cooperation on Technical and Vocational Education and Training (TVET) : Terms
Motives and Future Prospects
Infrastructure Development in Ethiopia and Its Impact on Economic Diplomacy With China
List of Ethiopia- China Cooperation Major Projects from Ethiopia's Ministry of Finance September 2024
MOFED Loan-Level Data on Borrowing Terms and Loan Performance September 2024_OTHER_PUBLIC 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 Ethiopia

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