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Yunnan Construction Engineering Group provides $330 million supplier credit for National Institute of Sports Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Yunnan Construction Engineering Group Corporation (YNJG) |
| Country | Equatorial Guinea |
| Start Date | Jan 01, 2012 |
| End Date | Mar 03, 2033 |
| Duration | 7,732 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 62140 |
Grant Description
Yunnan Construction Engineering Group provides $330 million supplier credit for National Institute of Sports Project In 2012, Yunnan Construction Engineering Group (YNJG or 云南建工集团) and the Government of Equatorial Guinea signed a $330 million supplier credit (loan) agreement for the National Institute of Sports Project.
In order to finance its supplier credit agreement with the Government of Equatorial Guinea, YNJG secured an export seller’s credit from China Eximbank. The supplier credit is backed by a credit insurance policy from China Export & Credit Insurance Corporation (Sinosure).
The borrower was expected to use the proceeds of the loan to finance a $329.77 million commercial contract between the Government of Equatorial Guinea and YNJG, which was signed in October 2010.
This project, which was implemented in two phases, involved the construction of a sports training institute — in an area that occupies 90,479 square meters — in Bata City.
The purpose of the project was to improve physical education in Equatorial Guinea and allow Equatorial Guinea to host international sports competitions. This project reportedly reached completion, but its precise implementation start and end dates are unknown.
Staff Comments
1. This project is also known as the National Institute of Physical Education in Equatorial Guinea Project, the Equatorial Guinea National Sports Academy, and the Equatorial Guinea National Sports Institute Project. The Chinese project title is 赤道几内亚国家体育学院项目 or 察Oyala国家体育学院项目 or 赤道几内亚国际体育学校建设项目 or 赤几体育学院项目 or 赤几体育学院和足球学校项目. The Spanish project title is Construccion y equipamiento del Instituto Nacional de Educacion Fisica y Deportes de Guinea Ecuatorial.
Sources & References
- 出口卖方信用
- 重大项目 Major Projects
- 经济及市场环境
- 走进非洲｜进出口银行的赤道几内亚足迹
- Entering Africa: Export-Import Bank's Equatorial Guinea Trail
- 重大项目
- ChinaLoansToAfrica©SAIS-CARI.csv
- Presupuesto Inversión Pública
- LEY DE PRESUPUESTOS GENERALES DEL ESTADO
- Yunnan’s enterprises to help Guinea for construction
- 赤几政府调研钢构公司Oyala体育学院项目
- 集团与MLA公司签署赤几国家体育学院项目合作协议书
- 云南建工集团承建赤道几内亚国家体育学院和足球学校
- 赤几政府考察Oyala国家体育学院项目
- Multiple major contracts are handed out but the details of the deals remain obscure
- Major Projects
- 云南建工集团承建赤道几内亚国家体育学院和足球学校
- 口行为非洲八国融资过哪些大项目
- China Loans to Africa
- 云南建工集团承建赤道几内亚国家体育学院和足球学校
- Business Introduction
- 走进非洲｜进出口银行的赤道几内亚足迹
- 海外直管项目部首批员工顺利回国
- 身负重任，再次远赴重洋——海外直管部11名员工飞赴赤道几内亚 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
Yunnan Construction Engineering Group Corporation (YNJG)
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