Completed Development AidData Chinese Aid

China Eximbank provides RMB 220 million government concessional loan for Cotonou Administrative Tower Project

¥220M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Benin
Country	Benin
Start Date	Aug 07, 2010
End Date	Jun 04, 2029
Duration	6,876 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59030`

Grant Description

China Eximbank provides RMB 220 million government concessional loan for Cotonou Administrative Tower Project On August 7, 2010, China Eximbank and the Government of Benin signed an RMB 220 million government concessional loan (GCL) agreement [CHINA EXIMBANK GCL No (2010) 5 TOTAL No (32) No 1290003052010110037] for the Cotonou Administrative Tower Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate2%

The proceeds of the loan were to be used by the borrower to finance two commercial contracts: an August 7, 2008 contract between Anhui Foreign Economic Construction Corp.

Group Ltd (AFECC) and Benin’s Ministry of Urban Planning, Habitat, Land Reform, and the Fight Against Coastal Erosion (contract number 809-7-8-008) as well as a February 24, 2009 contract between Shenyang International Technical Consulting Corporation and Benin’s Ministry of Urban Planning, Habitat, Land Reform, and the Fight Against Coastal Erosion (contract number 177).

The project involved the construction of two nine-floor towers, with 582 offices, as well as green spaces and other facilities. The administrative towers are located in the capital city of Cotonou.

AFECC was responsible for project implementation and Shenyang International Technical Consulting Corporation was responsible for project supervision.

A formal groundbreaking ceremony took place on July 24, 2011, and a project handover ceremony took place on July 31, 2013.

📋 Staff Comments

The Chinese project title is 贝宁科特努行政办公大楼. The French project title is Projet de Construction d'une Tour Administrative à Cotonou or Projet de Construction de la Tour Administrative de Cotonou.
The China Eximbank loan (GCL) agreement can be accessed in its entirety via https://docs.aiddata.org/ad4/pdfs/how_china_lends/BEN_2010_525.pdf

📚 Sources & References

Benin's president inaugurates China-funded Cotonou Administrative Towers
Benin's president inaugurates China-funded Cotonou Administrative Towers
Congress Centre of Cotonou
Benin
DECRET N'20I1-48I DU 08 JUILLET 2011
DECRET N'2OIO. 4O3 DU 24 SEPTEMBRE 2010
DECRET N'2OIO. 4O3 DU 24 SEPTEMBRE 2010
Liste de prêts des institutions gouvernementales chinoises de 2000 à 2017
Loan Agreement - DECRET N'2OIO. 4O3 DU 24 SEPTEMBRE 2010
LOI NO2OII-07 DU 06 JUILLET 2OII
Loi n° 2011-07
Loi N° 2011-07 du 06 juillet 2011
Passive agents? Bureaucratic agency in Africa-China negotiations: A case study of Benin
Quarante ans de cooperation sino-beninoise en 10 points
利用中国政府优惠贷款建设的贝宁政府办公楼今日奠基
贝宁科特努行政办公大楼
驻贝宁大使耿文兵陪同亚伊总统出席贝宁行政大楼建设项目奠基仪式
驻贝宁大使耿文兵陪同亚伊总统出席贝宁行政大楼建设项目奠基仪式
驻贝宁大使陶卫光出席中国援贝政府办公楼交付仪式
驻贝宁大使陶卫光出席中国援贝政府办公楼交付仪式 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.