Completed Development AidData Chinese Aid

Chinese Government provides RMB 50 million interest-free loan via ETCA for March 26 Stadium Construction Project (Linked to Record ID#58662)

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Mali
Country	Mali
Start Date	Dec 04, 2001
End Date	May 07, 2030
Duration	10,381 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73238`

Grant Description

Chinese Government provides RMB 50 million interest-free loan via ETCA for March 26 Stadium Construction Project On June 10, 2000, the Chinese Government and the Government of Mali signed an RMB 50 million loan for the March 26 Stadium Construction Project (see Record ID#58662).

Then, on December 4, 2001, the Chinese Government and the Government of Mali signed an Economic and Technical Cooperation Agreement (ETCA) providing an RMB 50 million interest-free loan for the same project (as captured in this project). According to the ETCA, the loan would be used for five years from January 1, 2002 to December 31, 2006.

This project involved the construction of a football stadium located in Bamako called the Stade du 26 Mars (March 26 Stadium). It seats 50,000 people. China Overseas Engineering Group (COVEC) was the contractor responsible for implementation.

Construction began in 1999 and the stadium was inaugurated on December 4, 2001, ahead of the 2002 Africa Cup of Nations.

The Chinese Government reportedly covered 1/3 of the total project cost (25 million euros), with the Government of Mali covering the other 2/3.

📋 Staff Comments

- The Chinese project title is 新建5万人座体育场 or 建马里326体育场援建. - The French project title is Construction du Stade du 26 Mars. - Neither of the Chinese Government loans that the Government of Mali contracted in 2000 and 2001 for this project are recorded in the database of Chinese loan commitments that SAIS-CARI released in July 2020. The Government of Mali also contracted two, RMB 30 million loans for this project in 1999. Since loan terms for the interest-free loan are unavailable, AidData has set maturity period 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 period 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.

📚 Sources & References

Codebook for Assembling Data on China’ s Development Finance Version 1.0
公司历程
Stade du 26 Mars, china_data_032010[1].xlsx
L’AUDIT CITOYEN DE LA DETTE DU MALI
COVEC-Mali : L'entreprise chinoise qui transforme le visage du Mali
Le stade du 26 Mars 2009
中华人民共和国政府向马里共和国政府提供无息贷款的协定 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.