Active Development AidData Chinese Aid

China Eximbank provides RMB 250 million loan for GSM Network Expansion Project

¥250M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Democratic Republic of Congo
Country	Democratic Republic of the Congo
Start Date	Jan 29, 2006
End Date	Oct 25, 2030
Duration	9,035 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59518`

Grant Description

China Eximbank provides RMB 250 million loan for GSM Network Expansion Project On January 28, 2006, China Eximbank and the Government of the Democratic Republic of Congo signed an RMB 250,000,000 loan agreement for Phase 2 of the GSM Network Expansion Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 15 year maturity

📅 Maturity15 years

⏳ Grace Period4 years

💹 Interest Rate2%

The project is also found under the alternative project title of Next Generation Network with a loan date of 2008. The purpose of this project is to facilitate a nationwide expansion of the country’s GSM Network.

📋 Staff Comments

Some sources refer to the face value of this loan as $31 million or $32 million, which is roughly equivalent to RMB 250 million.
This project is also known as the Next Generation Network (NGN) Project. The French project title is Elargissement du réseau GSM de Congo Chine Télécom au niveau national.
This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.
The loan was reported to be a non-concessional loan, but AidData has coded it as a concessional loan since it has exceeded 25% grant element, which meets OECD criteria as a concessional loan.

📚 Sources & References

Djibouti : coup d'envoi d'un projet d'adduction d'eau potable entre Djibouti et l'Ethiopie (PAPIER GENERA)
中国进出口银行与刚国（金）签署一揽子合作协议, http://www.journalofficiel.cd/adm/uploads_jo/d41f73e0c7e6108693d1dd355b022a0f.pdf#nameddest=3, . GESTION DE LA DETTE ET DES CREANCES PUBLIQUES
RAPPORT ANNUEL 2006-2008
When Chinese development finance met the IMF's public debt norm in DR Congo 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 Democratic Republic of Congo

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