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China Eximbank provides $50 million preferential buyer's credit for Niamtougou Airport Renovation Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Togo |
| Country | Togo |
| Start Date | Jan 01, 2015 |
| End Date | Feb 06, 2031 |
| Duration | 5,880 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 67948 |
Grant Description
China Eximbank provides $50 million preferential buyer's credit for Niamtougou Airport Renovation Project In 2015, the Export-Import Bank of China and the Government of Togo signed a preferential buyer's credit (PBC) agreement worth $50 million (CFA 27.744 billion) for the Niamtougou Airport Renovation Project.
The proceeds of this loan were to be used by the borrower to finance 85% of the cost of a CFA 32.64 billion franc commercial contract [Marché n°00170/2015/CR/MTPT /BANQUE NATIONALE DE CHINE] with China Civil Aviation Airport Construction Corporation (CACC), which was signed on March 16, 2015; the Government of Togo provided the remaining 15% of the cost of the contract.
The Government of Togo agreed to establish an airport fee (RDIA) to guarantee the repayment of the loan. The project involved renovations of the international airport in the town of Niamtougou.
More specifically, it involved the extension of the airport runway from 2,500 meters to 3,000 meters to allow larger aircrafts to use the airport.
This included the modification of the aerodrome lights to improve the airport's lifetime and security, as well as reinforcing and repaving the existing runway, ramp, and the parking areas and the construction of a 14 km fence to meet safety and security standards set by the International Civil Aviation Organization.
CACC won the bid for the renovation of the project in July 2014. On April 23, 2016, a groundbreaking ceremony took place. However, construction began in February 15, 2016.
The project was originally expected to be completed 12 months after this date, but the project was still ongoing as of August 2018.
Staff Comments
- The Chinese project title is 尼亚姆杜古机场改造项目. The French project title is Le projet d'extension et de modernisation de l'aéroport international de Niamtougou or Modernisation de l'aéroport de Niamtougou.
- Given that the proceeds of the China Eximbank loan were use to finance 85% of the cost of the commercial contract with a foreign borrower, AidData assumes for the time being that the loan was provided in the form of a preferential buyer's credit. This issue warrants further investigation.
- This record has been marked as having evidence of financial distress because it was part of the debt restructuring agreements captured in records #95456 and #105737
Sources & References
- 多哥的基础设施状况
- 刘豫锡大使出席尼亚姆杜古机场改造项目奠基仪式
- Lancement des travaux de réhabilitation de l'aéroport international de Niamtougou
- The groundbreaking ceremony for the reconstruction project of Niamdugu Airport was held
- Togo president inaugurates Niamtougou airport extension work
- Modernisation de l’aéroport de Niamtougou
- Niamtougou International Airport
- Airport project carried out by Chinese company inaugurated in Togo
- Le Chef de l’Etat a lancé les travaux de modernisation de l’aéroport de Niamtougou.
- Développement: l’aéroport de Niantougou en réaménagement, les chefs traditionnels connectés à l’administration centrale
- Togo : Vers la réhabilitation de l’Aéroport de Niamtougou
- Le Ministre GNOFAM a répondu aux questions des députés
- Le Ministr e GNOF AM a répondu aux questions des députés
- 记者在非洲系列报道之四—— 北方机场
- Note de conjoncture 2 ème trimestre 2016
- Aéroport International de Niamtougou (AINTG)
- ChinaLoansToAfrica©SAIS-CARI.csv
- AUDIENCE COMMERCIALE EN CABINET DU JEUDI VINGT ET UN MARS DEUX MILLE DIX-NEUF (21/03/2019)
- RAPPORT DE L'ETUDE AU FOND DU PROJET DE LOI DE FINANCES
- GESTION 2020
- RAPPORT D’OBSERVATIONS DEFINITIVES SUR LE CONTRÔLE DE L’EXECUTION DE LA LOI DE FINANCES
- EXERCICE 2022
- RAPPORT DE L'ÉTUDE AU FOND DU PROJET DE LOI DE FINANCES
- EXERCICE 2024
- Le Ministre GNOFAM a répondu aux questions des députés 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 Togo
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