Completed Development AidData Chinese Aid

China Development Bank provides $18.3 million loan for Phase II of the Djibouti Telecommunication Network Expansion and Renovation Project (Linked to Record ID#421)

$18.29M USD

Funder	China Development Bank (CDB)
Recipient Organization	Djibouti Telecom
Country	Djibouti
Start Date	Sep 24, 2006
End Date	Feb 08, 2030
Duration	8,538 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59254`

Grant Description

China Development Bank provides $18.3 million loan for Phase II of the Djibouti Telecommunication Network Expansion and Renovation Project Between September 24, 2006 and September 26, 2006, during a Djibouti government delegation's trip to Shenzhen, representatives from China Development Bank (CDB) and Djibouti Télécom signed a $18,290,000 loan agreement for Phase II of the Djibouti Telecommunication Network Expansion and Renovation Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

Phase II of the Djibouti Telecommunication Network Expansion and Renovation Project reportedly involved the acquisition of IN \ NSS \ BSS \ NGN equipment, optimization of GSM signals, and and expansion of the country’s existing network capacity. Huawei was the contractor responsible for project implementation.

The project was completed on June 20, 2007 and an official ribbon-cutting ceremony took place shortly thereafter on June 26, 2007.

📋 Staff Comments

This project is also known as the Djibouti Télécom Project or GSM Mobile Expansion Project. The Chinese project title is 吉布提电信公司GSM移动扩容项目.
Phase I, which was financed by China Eximbank, is captured via Project ID#421.
On September 8, 2006, ZTE Corporation issued an RMB 50 million joint liability loan guarantee for a term of 12-years. This guarantee was presumably in support of Phases I and II of this project, as it was Djibouti Telecom's most important and expensive venture at the time.

📚 Sources & References

吉布提GSM移动扩容项目举行隆重剪彩仪式
吉布提共和国投资贸易指南
China's Telecommunications Footprint in Africa, 2007 Annual Report
THE EVOLVING U.S.-CHINA TRADE AND INVESTMENT RELATIONSHIP, 2008 Annual Report
BILAN 1999-2004 : DE L’AJUSTEMENT AU DEVELOPPEMENT
DJIBOUTI-CHINA BILATERAL RELATIONS
PROGRAMME D'INVESTISSEMENT PUBLIC 2011
COMPTE-RENDU DE MISSION DU MINISTRE DE L’ECONOMIE ET DES FINANCES AUX ASSEMBLEES ANNUELLES DE LA BANQUE MONDIALE ET DU FMI A SINGAPOUR DU 19 AU 20 SEPTEMBRE 2006
PROGRAMME D'INVESTISSEMENT PUBLIC 2012
PROGRAMME D'INVESTISSEMENT PUBLIC 2011
ZTE CORPORATION 2011 ANNUAL REPORT SUMMARY AND RESULTS ANNOUNCEMT 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.