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Chinese Government provides RMB 45 million interest-free loan to Tanzania for the 12th TAZARA Protocol (Linked to Record ID#73168)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Tanzania |
| Country | Tanzania |
| Start Date | Nov 05, 2004 |
| End Date | Feb 13, 2029 |
| Duration | 8,866 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 73167 |
Grant Description
Chinese Government provides RMB 45 million interest-free loan to Tanzania for the 12th TAZARA Protocol On November 5, 2004, the Chinese Ministry of Commerce signed an economic and technical cooperation agreement (ETCA) loaning RMB 45 million interest-free to the Government of Tanzania under the 12th TAZARA Protocol.
The purpose of this loan was to support the ongoing operations and maintenance of TAZARA.
Tanzania and Zambia will draw down on the loan starting 2005 to 2009, while repayments start 2015 and end in 2019.
This loan was part of a joint loan of $10.87 million USD (90 million Yuan) to Zambia and Tanzania to rehabilitate the Tanzania-Zambia Railway (TAZARA).
Each country will receive $5.4 million USD (45 million Yuan), out of which $1 million USD would go towards the rehabilitation of TAZARA. The loan to Zambia is recorded in Record ID#73168.
Sources & References
- China loans Tanzania
- Zambia $10.8m to refurbish railway
- TAZARA Railway
- REPORT OF THE COMMITTEE ON GOVERNMENT ASSURANCES FOR THE FIRST SESSION OF THE TENTH NATIONAL ASSEMBLY APPOINTED ON 8TH NOVEMBER, 2006
- China has Given a Loan to Zambia and Tanzania
- 中国、坦桑尼亚和赞比亚三国签署坦赞铁路第12期经济技术合作议定书 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 Tanzania
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