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China Construction Bank provides $56.9 million loan for Last Mile Connectivity for Rural Area and National Data Centre Project
| Funder | China Construction Bank Corporation (CCB) |
|---|---|
| Recipient Organization | Government of Malawi |
| Country | Malawi |
| Start Date | Jan 01, 2019 |
| End Date | Dec 20, 2028 |
| Duration | 3,641 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 69255 |
Grant Description
China Construction Bank provides $56.9 million loan for Last Mile Connectivity for Rural Area and National Data Centre Project In 2018, the Industrial and Commercial Bank of China (ICBC) agreed to provide a $56,908,596.50 loan to the Government of Malawi for the Last Mile Connectivity for Rural Area and National Data Centre Project.
The loan authorization act was passed in the Malawi Parliament on July 26, 2018, and the loan was slated to commence on August 24, 2018.
However, in 2019, Malawi’s legislature voted to repeal the loan authorization act that was passed on July 26, 2018, Then, on January 25, 2019, Malawi’s Parliament authorized a $56,908,596.50 loan from China Construction Bank for the same project.
The national data centre entails 136 tower installations to improve ITC (information and communications technology) services for rural parts of the country.
The ‘Last Mile Connectivity’ refers to fibre from the National Fibre Backbone Project being connected from landing points to users, facilitated by the towers.
The construction of a mobile network tower in Mbvunguti Village, Nankumba in Mokey bay under the project was launched on June 13, 2020. In the current phase, the government is expected to construct 28 towers.
Staff Comments
This loan is omitted from the SAIS-CARI database of Chinese loan commitments that was released in July 2020. AidData includes this loan in its dataset because the loan agreement was approved by Malawi's legislature in 2018.
Sources & References
- Chinese banks fund Malawi's big internet boost
- Exim bank promises speedy rural connectivity funding
- PRESS RELEASE (Released on 30th April, 2019)
- MPs Approve k113 billion loans
- Act No. 22 of 2018
- Malawi Bulletin 2018 GN's
- Malawi: Last Mile Connectivity Project for Easy Rural Telecommunication Access
- Government Connects Mbvunguti Village
- Vote to authorize China Constru…National Data Centre Project.pdf
- Vote to Repeal Loan
- MALAWI BULLETIN 2019 ACTS, mw-government-gazette-dated-2018-08-24 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.
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Government of Malawi
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