Loading grant details…
Chinese Government reschedules outstanding debt for Big Creek Bridge Construction Project for first time (Linked to Record ID#54914 and #54709)
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Antigua and Barbuda |
| Country | Antigua and Barbuda |
| Start Date | Aug 13, 2001 |
| End Date | Jul 08, 2033 |
| Duration | 11,652 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 71374 |
Grant Description
On August 13, 2001, the Chinese Government rescheduled the Government of Antigua and Barbuda’s outstanding debt (603,959.56) related to a loan that it previously contracted for the Big Creek Bridge Construction Project.
However, under the terms of the rescheduling agreement, 2005-2013 was identified as the new repayment period. By extension, the new grace period became 1989-2005.
The letters of agreement, which codified the rescheduling terms, were signed by Antigua PM Baldwin Spencer and Chinese Ambassador Liu Hanming.
Staff Comments
This project does not have a transaction value entered because debt rescheduling projects do not represent a new flow of money to the recipient country.
Sources & References
- Working Together to Build on Friendship and Write a New Chapter
- Antigua
- China Extend Loan Schedules, 2012 Antigua Budget Estimates, 2018 Antigua & Barbuda Recurrent and Development Estimates
- Antigua & Barbuda Recurrent and Development Estimates, 2012 Budget Statement
- Consultant 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 Antigua and Barbuda
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
