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China Eximbank pledges RMB 50 million loan for Oncology Dispensary Construction Project (Linked to Record ID#66077)

$50M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Belarus
Country	Belarus
Start Date	Jan 01, 2016
End Date	Mar 26, 2031
Duration	5,563 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66079`

Grant Description

China Eximbank pledges RMB 50 million loan for Oncology Dispensary Construction Project In January 2016, China Eximbank agreed in principle to extend a $50 million loan to the Government of Belarus for the reconfiguration of Grodno Hospital #3 (Городская клиническая больница №3) into an oncology dispensary or a cancer detection center.

The oncology dispensary would have 320 beds, an operating unit, medical and support departments, and a radiation therapy department. The loan would have an interest rate of around 6.5-7% per annum.

The loan for the hospital was to be approved under a $3 billion line of credit that China Eximbank issued in 2015 (captured in Record ID#66077). The project was planned to be implemented before 2020.

However, as of March 2020, the project had still not progressed and the Government of Belarus was seeking financing from the Kuwaiti government.

📋 Staff Comments

Russian project title is Инвестиционный проект по реконструкции комплекса зданий городской клинической больницы №3 г. Гродно под областной клинический онкологический диспансер.

📚 Sources & References

Grodno Oblast to raise China's loans for projects in industry, construction, healthcare, Онкодиспансер в Гродно намерены построить с привлечением китайского льготного кредита, В Гродно собираются построить онкодиспансер с привлечением льготного китайского кредита, Онкодиспансер в Гродно намерены построить с привлечением китайского льготного кредита
Belarus to borrow $24.5m from Kuwait fund to reconstruct Grodno hospital, Начаты подготовительные работы по реконструкции комплекса зданий больницы под Гродненский областной клинический онкологический диспансер 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.