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China Eximbank agrees to provide loan for Phase 1 Road Construction in Eiseb Block (linked to Record ID#s #68255 and #1314)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Namibia |
| Country | Namibia |
| Start Date | Feb 05, 2007 |
| End Date | Feb 05, 2026 |
| Duration | 6,940 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 61037 |
Grant Description
China Eximbank agrees to provide loan for Phase 1 Road Construction in Eiseb Block On February 5, 2007 on an official tour across Africa, Chinese President Hu Jintao pledged to provide an RMB 1 billion concessional loan facility to be used at the discretion of the Government of Namibia (captured in Record ID#1314).
Then, in December 2007, China Eximbank and the Government of Namibia signed an RMB 1 billion concessional loan framework agreement, which identified several projects that would be funded according to a consistent set of terms and conditions.
This project records the committed $16,463,857 loan for the Phase 1 Road Construction in Eiseb Block, and is linked to Record ID#68255, which records a loan committed for the Eiseb Block Farm Development Project.
Projects part of this concessional loan framework agreement reportedly included an RMB 300 million loan for the Modern Customs Scanning Equipment Acquisition Project (recorded in Record ID#1241), an RMB 44 million loan for the Electronics Document and Record Management Systems (EDRMS) Project (recorded in Record ID#1242), a $16.4 million loan for road construction in Eiseb Block Phase 1 (recorded in this project), and a $748,357 loan for Namibia Institute of Pathology (NIP) laboratories (recorded in Record ID#61032).
An additional RMB 645 million was reportedly set aside for three projects: Phase 2 of the Northern Railway Line Extension Project (recorded in Record ID#1334), the Oshakati State Hospital Renovation Project (recorded in Record ID#61034), and the Namibian Broadcasting Corporation Renovation Project (recorded in Record ID#61036).
This framework agreement was signed by China’s Ambassador to Namibia Ren Xiaoping and Nambia’s Minister of Finance Saara Kuugongelwa-Amadhila.
He told a local newspaper that 'We did not suspend any agreements, we just told them that the terms were too burdensome for our financial situation.’
Staff Comments
AidData has coded this project as a pledge rather than a commitment as it is not clear that a subsidiary loan agreement was ever signed for the Phase 1 of Road Construction in Eiseb Block Project.
Sources & References
- Eiseb Block – Omaheke's unsolved puzzle
- Harambee Projects: Construction and Rehabilitation
- Gobabis-Grootfontein road impresses Geingob
- OFFICIAL OPENING CEREMONY OF TRUNK ROAD 14/2
- BETWEEN OKAMATAPATI AND GROOTFONTEIN (PHASE 2) ON FRIDAY, 27 APRIL 2018 AT GROOTFONTEIN
- OTJOZONDJPA REGION
- Namibia: Country Overcharged By Chinese Company
- CHINA–AFRICA ECONOMIC RELATIONS: THE CASE OF NAMIBIA 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.
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Government of Namibia
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