Completed Development AidData Chinese Aid

China Eximbank provides $26 million for Oyo Hospital Construction Project (Linked to Record ID#60219)

$26M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Republic of Congo
Country	Congo
Start Date	Jun 19, 2006
End Date	Jan 15, 2031
Duration	8,976 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`68871`

Grant Description

China Eximbank provides $26 million for Oyo Hospital Construction Project in Congo 2006 On June 19, 2006, China Eximbank and the Republic of Congo signed a $1.6 billion loan framework agreement — also known in the Republic of Congo as the “strategic partnership” (“partenariat stratégique”) — that allowed the Republic of Congo to obtain China Eximbank loans for infrastructure projects through a securitization mechanism: Société Nationales des Pétroles Congolais (SNPC)—the country’s state-owned oil company—agreed to deposit a portion of the cash proceeds from its oil exports into an escrow account that is controlled by China Eximbank.

This framework agreement (captured in Record ID#60219) was ratified on October 26, 2006.

One of the subsidiary loans that was approved through the framework agreement was a loan in 2006 for the Oyo Hospital Construction Project.

📋 Loan / Grant Terms

💰 Loan Amountreportedly carried the following terms: a 0

💹 Interest Rate0.25%

It was fully repaid by the borrower. As of 2014, USD 26 million had been disbursed. The loan’s (principal) amount outstanding was $0 as of December 31, 2019.

The Oyo Hospital Construction Project involved the construction of a 200-bed hospital in the town of Oyo, the district of Oyo, the Central Cuvette Department, and the health district of Alima-Oyo (which serves 53,000 local residents).

The hospital has several departments, including administration, general medicine, surgery, cardiology, ophthalmology, ENT, otolaryngology, urology, pharmacy, morgue, radiology, and laboratory analysis.

Beijing Uni.-Construction Group Co., Ltd. (BUCC) — also known as Beijing Residential Development & Construction Group Corporation（BRCC) — was the contractor responsible for project implementation. The project was plagued by various delays.

A foundation-laying ceremony took place on May 7, 2008 and the originally scheduled project completion date was June 30, 2012. However, the hospital was not open to the public until March 10, 2017.

📋 Staff Comments

The project is also known as the the Edith Lucie Bongo Ondimba Hospital Construction Project and the Oyo General Hospital and Hospital Road Project. The French project title is Hôpital Général D’Oyo or L’Hôpital Général Edith Lucie Bongo-Ondimba (HGELBO). The Chinese project title is 奥尤医院项目 or 奥约医院 or 北京住总OYO医院 or 奥约综合医院 or 刚果（布）Oyo医院 or 刚果（布）艾迪露希欧尤医院 or 刚果共和国OYO医院项目.
In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it identifies a $15 million China Eximbank loan for this project. AidData records the face value of the loan ($26,000,000) that was reported by the Congolese authorities to the World Bank and reported in the World Bank’s September 2014 Republic of Congo Economic Update publication. One source suggests that a Chinese Government grant was also provided for this project. This issue merits further investigation.

📚 Sources & References

EXIMBANK-CHINA
Oyo District (Basin Department): Inauguration of the Edith Lucie Bongo-Ondimba General Hospital
Congo : Inauguration de l'Hôpital général Dr Edith Lucie Bongo Ondimba à Oyo par le président congolais
HISTORIQUE
Infrastructure sanitaire : l’hôpital général Edith-Lucie-Bongo-Ondimba inauguré
驻刚果（布）大使夏煌出席奥约综合医院揭幕仪式并拜会萨苏总统
驻刚果（布）大使李树立赴刚北方考察
北京住总业务介绍
EXIMBANK China
刚果（布）OYO市全科医院项目进度管理研究
中、刚（布）互利合作
DISCOURS - HOPITAL OYO
World Bank Document
Hospital General Edith Lucie Bongo Ondimba
天津市建筑科学研究院有限公司
Initiative pour la Transparence dans les Industries Extractives
Special Audit Report of the Auditor General on External Public Debt of the Republic of Zambia
Republic of Zambia Report of the Parliamentary Select Committee on the Special Audit Report of the Auditor General on External Public Debt
Special Audit Report of the Auditor General on External Public Debt of the Republic of Zambia 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.