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Chinese Government provides RMB 50 million interest-free loan for TAZARA Operations and Maintenance Project in 2006 Protocol (Linked to Record ID#73170)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Zambia |
| Country | Zambia |
| Start Date | Jan 01, 2006 |
| End Date | Apr 11, 2030 |
| Duration | 8,866 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 73169 |
Grant Description
Chinese Government provides RMB 50 million interest-free loan for TAZARA Operations and Maintenance Project in 2006 Protocol On June 23, 2006, the Government of Zambia and China's Ministry of Commerce (MOFCOM) signed an economic and technical cooperation agreement (ETCA), which committed and RMB 50 million ($6.25 million) interest-free loan to revitalize the Tanzania-Zambia Railway Authority (TAZARA).
Chinese Government provided the RMB 50 million interest-free loan for the purchase of fuel and spare parts from third parties to support TAZARA as part of the 2006 Protocol.
In 1967, the Chinese Government provided an RMB 494 million interest-free loan to TAZARA for the construction of the 1860 km Tanzania–Zambia Railway (TAZARA), stretching from Dar‑es‑Salaam to Kapiri Mposhi.
Since then, the Chinese Government has provided a series of grants and loans to support TAZARA by providing spare parts, fuel, technical assistance, passenger coaches, and locomotives.
Staff Comments
- Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity to 20-years by default and grace period to 10-years by default, per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.
- Project ID#73170 is also part of the 2006 Protocol.
Sources & References
- Zambia Economic Report 2006
- TAZARA Railway
- REPORT OF THE COMMITTEE ON GOVERNMENT ASSURANCES FOR THE FIRST SESSION OF THE TENTH NATIONAL ASSEMBLY APPOINTED ON 8TH NOVEMBER, 2006
- Mid-term Review: Fifth National Development Plan 2006-2010
- THE STATUS OF ZAMBIA’S DOMESTIC AND EXTERNAL DEBT
- 商务部李金早副部长出席中、坦、赞坦赞铁路三方会谈
- Report of the Final Evaluation of the Fifth National Development Plan 2006–2010
- Tanzania-Zambia Railway
- Zambia contracts 6.2m-dollar railway loan from China
- Tazara's six new $24m locos fail trial runs
- CHINESE PREMIER JIABAO VISIT FOCUSED ON TRADE AND REVITALIZING TANZANIA-ZAMBIA RAILWAY
- China in Africa: Lending
- Policy Space, and Governance 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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