China Development Bank provides $5 million USD loan for construction of access road to Bahía de Caráquez

Funder	China (People's Republic of)
Recipient Organization	Ecuador
Country	Ecuador
Start Date	Feb 24, 2016
End Date	Mar 27, 2030
Duration	5,145 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69782`

Grant Description

China Development Bank provides $5 million USD loan for construction of access road to Bahía de Caráquez The Chinese Development Bank is estimated to have loaned $5,146, 219.14 USD to construct an access road to Bahía de Caráquez.

📋 Loan / Grant Terms

💰 Loan Amountterms and agreement date are unknown

The total project investment is $25,146,219.14 USD.

The Ministry of Transportation and Public Works of Ecuador (Ministerio de Transporte y Obras Públicas; MTOP) and China Gezhouba Group Company Limited executed the project. 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.