Active Development AidData Chinese Aid

China Eximbank provides $8 million loan for Mpila Housing Construction (48 Units and Water Purification System) Project

$8M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Republic of Congo
Country	Congo
Start Date	Jan 01, 2015
End Date	Jul 28, 2033
Duration	6,783 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69010`

Grant Description

China Eximbank provides $8 million loan for Mpila Housing Construction (48 Units and Water Purification System) Project On November 14, 2014, China Eximbank and the Government of the Republic of Congo signed an $8 million loan agreement for the Mpila Housing Construction (48 Units and Water Purification System) Project.

📋 Loan / Grant Terms

💰 Loan Amountreportedly carried a 20-year maturity and 5-year grace period

📅 Maturity20 years

⏳ Grace Period5 years

The proceeds of the loan were to be used by the borrower to finance 80% of the cost of a commercial contract with Sinohydro. Sinohydro was the contractor responsible for project implementation. This project commenced on July 8, 2015.

This project involved the construction of 48 housing units and a water purification system in the Mpila neighborhood within the capital city of Brazzaville.

📋 Staff Comments

The Chinese project title is 姆皮拉住房项目. The French project title is Travaux de Reconstruction des Logements du Quartier Mpila or Logements temoins de Mpila.

📚 Sources & References

Chinese Loans to Africa Database
Les logements du quartier Mpila seront bientôt reconstruits
水电十三局刚果（布）姆皮拉住房项目开工
Decision D'attribution Provisoire No. 2840
Infrastructures : construction des logements du quartier Mpila
Current-Status-Opportunities-and-a-Way-Forward-for-Affordable-Housing
Housing works allocated in Congo 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.