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Chinese Government commits EUR 2 million interest-free loan — via ETCA — for Praia Central Hospital Outpatient Consultation Center and OB-GYN Building Construction Project (Linked to Record ID#35064)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Cabo Verde |
| Country | Cabo Verde |
| Start Date | Jan 11, 2006 |
| End Date | Jul 03, 2029 |
| Duration | 8,574 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 72800 |
Grant Description
Chinese Government commits EUR 2 million interest-free loan — via ETCA — for Praia Central Hospital Outpatient Consultation Center and OB-GYN Building Construction Project On January 11, 2006, Chinese Foreign Minister Li Zhaoxing made an official visit to Cape Verde.
During his visit, he signed an Economic and Technical Cooperation Agreement (ETCA), which committed EUR 2 million for the Praia Central Hospital Outpatient Consultation Center and OB-GYN Building Construction Project (captured in Record ID#35064).
Hunan Constructing Engineering Group and China Liaoning International Cooperation Group (辽宁省国际经济技术合作集团有限) were the contractors responsible for implementation. Construction agreements were signed in May 2008. However, construction itself did not begin until March 1, 2009.
An inauguration ceremony for the outpatient and OB-GYN buildings took place on May 20, 2011.
Staff Comments
Based on several official sources, AidData assumes that all interest-free loans have a 20-year maturity and 10-year grace period.
Sources & References
- 佛得角领导人会见李肇星
- China vai incentivar empresas a investirem em Cabo Verde
- Empresa chinesa pretende construir fábrica de cimento em Cabo Verde
- MNE chinês afirma que Cabo Verde é exemplo nas relações com África
- ChinaLoansToAfrica©SAIS-CARI.csv
- Ambassador to Cape Verde Li Chunhua and Prime Minister Neves of Cape Verde cut the ribbon for the completion of the Chinese-aided construction 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.
All Grantees
Government of Cabo Verde
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