Chinese Government provides RMB 30 million for Chinese Center for Economic and Commercial Development Construction Project (Linked to Record ID#7)

In 2002, the Chinese Government agreed to provide RMB 10 million of grant funding to the Government of Benin for the Chinese Center for Economic and Commercial Development Construction Project; however, the Chinese Government later increased its total grant commitment to RMB 30 million.

The total project cost of RMB 50 million was 60% funded by the Chinese Government, and 40% funded by Zhejiang Teams-Marquis Investment Management Co.

Ltd (also known as Zhejiang Tianshi International Economic and Technological Cooperation Co., Ltd. or TEAMS INTERNATIONAL DE CHINE) (see linked Record ID#7). 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.