Completed Development AidData Chinese Aid

China Eximbank provides RMB 628 million government concessional loan for Phase 2 of Lomé Bypass Road Development and Asphalting Project (Linked to Record ID#68450 and #72803)

¥628K RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Togo
Country	Togo
Start Date	Feb 14, 2014
End Date	Mar 30, 2032
Duration	6,619 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`68494`

Grant Description

China Eximbank provides RMB 628 million government concessional loan for Phase 2 of Lomé Bypass Road Development and Asphalting Project On December 27, 2013, the Chinese Government and the Government of Togo signed an RMB 628 million (CFA 49.282 billion franc) preferential loan framework agreement for the Phase 2 of Lomé Bypass Road Development and Asphalting Project (as captured via Record ID#72803).

Then, on February 14, 2014, the Export-Import Bank of China and the Ministry of Economy and Finance of the Republic of Togo signed a government concessional loan (GCL) agreement for Phase 2 of the Lomé Bypass Road Development and Asphalting Project).

📋 Loan / Grant Terms

📅 Maturity20.2271 years

⏳ Grace Period6.3639 years

💹 Interest Rate1.8728%

The proceeds of the loan were to be used by the borrower to finance a commercial contract with China Road and Bridge Corporation (CRBC).

When the commercial contract [Marché N° 010/2008/MTPT/SG/DGTP] was initially issued on November 6, 2008, its value was $70,278,490,37. However, it was modified on June 2, 2014 and its value was increased to $98,831,214.

According to 2014, 2015, and 2016 reports published by the Bilateral Cooperation Department of Togo’s Ministry of Planning and Development, the GCL disbursed $49,090,342 in 2014, $11,108,065 in 2015, and $526,981 in 2016.

Phase 2 involved the development and asphalting of a 20.54 km road segment between the Golf Club de Lomé (along National Route 1 or RN1) and the town of Noépé, on Togo’s border with Ghana. The entire ring road was a four lane, 34.8 kilometers long road in the eastern and northern parts of Lomé.

The second phase specifically focused on creating roads to allow trucks to travel to Ghana, Côte d'Ivoire or Burkina Faso, without being forced to use the congested arteries of downtown Lomé; it also included the renovation of secondary roads. CRBC was the contractor responsible for implementation.

The project commenced on September 10, 2015 and was originally scheduled for completion in May 2019. However, the project faced a number of delays related to the freeing of the right-of-way by locals. As of August 2017, the project had achieved a 31% completion rate. As of November 2018, it had achieved a 67.2% completion rate.

By September 2019, the project was nearing completion. The project was completed by August 2020, but its precise completion date is unknown.

📋 Staff Comments

The Chinese project title is 的多哥洛美绕城二期 or 洛美绕城公路项目（第二阶段) or 绕城公路二期. The French project title is La Seconde phase du contournement de Lomé or Le second contournement de Lomé or la 2è phase du projet du grand contournement de Lomé.
The China Eximbank loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.
The estimated borrowing terms (maturity, grace period, and interest rate) of the loan are drawn from the World Bank's Debtor Reporting System (DRS). See https://www.dropbox.com/s/2sw4f7gluxa52fk/DRS%20Official%20Commitments%20from%20China%20Through%202021.xlsx?dl=0 and https://www.dropbox.com/s/ab8qt4n6jijcbhd/IDS_Average%20interest%20on%20new%20external%20debt%20commitments.xlsx?dl=0 and https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0

📚 Sources & References

多哥的基础设施状况, 2018 Country Guide for Investment Cooperation: Togo
Chinese construction company sponsors Togolese students for undergraduate studies in China
Progression sur le chantier du contournement de Lomé
DIRECTION GENERALE DES TRAVAUX PUBLICS 2010-2012
Une coopération au beau fixe entre le Togo et la « Exim-Bank of China »
Rapport Sur L'Aide Publique au Developpement RAPD 2014
Rapport Sur L'Aide Publique au Developpement RAPD 2015
Togo-rapport sur l’aide publique au développement 2016
Nouveau chèque de 63 milliards de la Chine
Situation des contrats approuves en 2008
中多签署经济技术合作协定和优惠贷款框架协议
Le ministre des Infrastructures et des Transports constate l’évolution des travaux du grand contournement et du centre administratif de Lomé
Le ministre des Infrastructures et des Transports constate l’évolution des travaux du grand contournement et du centre administratif de Lomé
驻多哥使馆举办国庆70周年主题中多友好长跑比赛
驻多哥大使巢卫东就后疫情时代中多合作接受《多哥晨报》采访
INITIATIVE POUR LA TRANSPARENCE DANS LES INDUSTRIES EXTRACTIVES
Le second contournement de Lomé qui connecte le Port Autonome à Noépé, frontière Ghana, sera bientôt ouvert au public
Contrats publiés (Phase 3)
多哥洛美绕城工程项目上半年经营情况速览
Africa Civil Engineering Expert Panel Visits Lome Ring Road Project (Phase II) in Togo
非洲土工专家团参观多哥洛美绕城二期公路项目
China,Togo : 4 loan agreements signed by China and Togo
China Overseas Development Finance
Report on official development assistance 2018 (Rapport Sur L'Aide Publique Au Developpement (RAPD) 2018) 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.