Active Development AidData Chinese Aid

China Eximbank pledges $968,842,265 loan for the Mandji Island Special Economic Zone Project

$968.8K USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Gabon
Country	Gabon
Start Date	Jan 01, 2015
End Date	Feb 08, 2028
Duration	4,786 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60737`

Grant Description

China Eximbank pledges $968,842,265 loan for the Mandji Island Special Economic Zone Project In 2011, China Communications Construction Company (CCCC) and the Government of Gabon signed a memorandum or understanding (MOU) regarding the Mandji Island Special Economic Zone Project.

The special economic zone of Mandji (Port-Gentil) was established — by Decree No. 0126 dated January 22, 2013 following the adoption of law 10/2011 — to promote investment, create jobs and increase exports.

It consists of an industrial area measuring 926 hectares, a residential area of 382 hectares, a cybercity (digital village) of 412 hectares, and an industrial and commercial port. It is aimed principally at the oil and timber-processing industries.

📋 Loan / Grant Terms

💰 Loan Amountfor the Mandji Island Special Economic Zone Project according to the following borrowing terms:: 20 year maturity

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

This would be the first of two China Eximbank loans for the project.

However, it does not appear that either loan has been approved since China Eximbank signaled its interest in the project in 2015.

If the project is implemented, it is projected to create 1,500 to 2,300 jobs during the construction phase and 15,000 to 25,000 jobs during operational phase.

📋 Staff Comments

This project is also known as the Mandji Island Free Zone Project and the Port-Gentil Special Economic Zone Project. The French project title is Projet de Zone Franche de l’Ile Mandji or Zone Economique Spéciale de l'île Mandji. The Chinese project title is 加蓬让蒂尔曼吉岛港口项目 or 让-蒂尔港曼吉岛深水港项目.

📚 Sources & References

Projet de Zone Franche de l’Ile Mandji : L’expertise de la FEMOZA proposée au Gabon
ZONE FRANCHE DE L’ILE MANDJI
LA RELANCE ?
Zone franche africaine : le Gabon bientôt une plaque tournante
Juan Torrents au Gabon: Un nouveau départ pour la Zone franche de l’île Mandji ?
La Femoza intéressée par la Zone franche de l’île Mandji
中交集团与加蓬政府就让蒂尔曼吉岛港口项目合作达成共识
中交集团与加蓬政府就让蒂尔曼吉岛港口项目合作达成共识
Priority Investment Projects in Gabon, 2017 Prospectus
Projet de Zone Franche de l’Ile Mandji : L’expertise de la FEMOZA proposée au Gabon
中国路桥公司与加蓬签署让-蒂尔港曼吉岛深水港项目合作议定书
Pr ojet de Zone Franche de l’Ile Mandji : L ’expertise de la FEMOZA pr oposée au Gabon 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 Gabon

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