Active Development AidData Chinese Aid

China Eximbank provides $5.56 million loan for Mont Barnier Social Housing Project (Linked to Record ID#30499, #68914)

$5.57M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Republic of Congo
Country	Congo
Start Date	Jan 01, 2012
End Date	Oct 10, 2033
Duration	7,953 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`68923`

Grant Description

China Eximbank provides $5.56 million loan for Mont Barnier Social Housing Project In 2012, China Eximbank and the Government of the Republic of Congo signed a $5,569,542.00 loan agreement for the Mont Barnier Social Housing Project.

📋 Loan / Grant Terms

💰 Loan Amountcarries a 14-year maturity

📅 Maturity14 years

The purpose of the project was to construct housing units in Mont Barnier, which is located in the 7th (Mfilou) district (arrondissement) of Brazzaville. Beijing Construction Engineering Group Co.,Ltd. (BCEG) was the contractor responsible for project implementation. A French company called Egis International was the contractor responsible for project supervision.

Construction began in April 2012 and the project had achieved a 57% completion rate as of December 2014.

The Mont Barnier Social Housing Project was part of a larger housing relocation initiative (worth CFA 78,597,487,428 or 121 million euros) that took place after a munition’s explosion in the Mpila neighborhood within the capital city of Brazzaville on March 4, 2012.

Two additional China Eximbank loans supported this larger initiative (see Record ID#68914 and ID#30499), which were coordinated by Mr. Serge OBOA.

📋 Staff Comments

This project is also known as the Mont-Barnier Social Housing Project. The French project title is Logements Mont Barnier or Logements sociaux Barnier or Le projet de délocalisation des casernes militaires or Le projet de délocalisation et construction des casernes militaires.
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. Nor is it included in the the Chinese Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020. AidData relies on the face value of the loan ($5,569,542.00) and the maturity length (14-years) that is recorded by the Republic of Congo’s Public Debt Agency (Caisse Congolaise d’Amortissement or CCA) and Délégation Générale des Grands Travaux (DGGT).

📚 Sources & References

ÉTAT DES LIEUX DE LA DETTE PUBLIQUE EN LA RÉPUBLIQUE DU CONGO
RAPPORT D’ACTIVITÉS 2017
Trois ans après les explosions de Mpila
Brazzaville cherche à se reconstruire
N°311 du 22 décembre 2014
Drame de Mpila : La banque chinoise Exim bank participera à la reconstruction de la zone dévastée
Les Coordinations des Projets Structurants
China's Overseas Development Finance
Initiative pour la Transparence dans les Industries Extractives 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 Republic of Congo

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