Completed Mixed AidData Chinese Aid

Poly Technologies, Inc. provides RMB 258.8 million supplier's credit for Rehabilitation of Roads in Lusaka City Project

¥258.8M RMB

Funder	Poly Technologies
Recipient Organization	Government of Zambia
Country	Zambia
Start Date	Jan 01, 2011
End Date	Feb 03, 2027
Duration	5,877 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`72960`

Grant Description

Poly Technologies, Inc. provides RMB 258.8 million supplier's credit for Rehabilitation of Roads in Lusaka City Project In 2011, Poly Technologies, Inc., a Chinese state-owned enterprise, provided an RMB 258,800,000 supplier's credit loan to the Government of Zambia for the Rehabilitation of Roads in Lusaka City Project.

This loan carries a maturity of approximately 4-years (final maturity date: August 31, 2015). The interest rate and grace period are unknown. The project involved the rehabilitation of 50 km of roads in Lusaka City and it was completed in October 2015.

📋 Staff Comments

The Chinese project title is 赞比亚市政道路项目 or 赞比亚卢萨卡50公里城市道路建设项目 or 赞比亚卢萨卡约50公里的城市道路工程.
This loan is omitted from the database of Chinese loan commitments that SAIS-CARI released in 2020 and re-released in 2021.

📚 Sources & References

Zambia Bond Prospectus 2012, 2013 社会责任报告
徐念沙：“一带一路”建设中中国企业走出去的思考, 2011 社会责任报告
徐念沙：“一带一路”建设中中国企业走出去的思考
A Look at Zambia’s Road Financing Strategies 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 Zambia

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