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Governments of Tonga and China signed a contract for projects worth $32 million TP after signing Belt and Road initiative (linked to Record ID#62888)
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of the Kingdom of Tonga |
| Country | Tonga |
| Start Date | Jan 01, 2018 |
| End Date | Nov 11, 2033 |
| Duration | 5,793 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 62835 |
Grant Description
On November 13, 2018, Prime Minister Akilisi Pōhiva and the Chinese Ambassador in Tonga have signed the Memorandum of Understanding (MOU) on Belt and Road Initiative projects worth $32 million with the approval of the Cabinet.
The signing was made after a reprieve from Beijing on the timing of Tonga’s debt repayments shortly before an onerous schedule to repay loans was due to start.
Further agreements were signed between Tonga and China prior to the APEC meetings for further grant aid of RMB 100,000,000 (TP$32 million) for projects yet to be finalized by both parties. The details of the projects are unspecified.
Sources & References
- Tonga and China sign TP$32 million projects agreement after signing Belt and Road initiative
- Joint Press Communique Between the People's Republic of China and the Kingdom of Tonga
- Joint Press Communique between the People's Republic of China and the Kingdom of Tonga
- Full text: Joint Press Communique between the People's Republic of China and the Kingdom of Tonga 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 the Kingdom of Tonga
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