Completed Development AidData Chinese Aid

China Eximbank provides government concessional loan for Phase 2 of Telecommunication Network Rehabilitation Project (Linked to Record ID#55516)

$23M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Eritrea
Country	Eritrea
Start Date	Sep 11, 2011
End Date	Sep 23, 2033
Duration	8,048 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73378`

Grant Description

China Eximbank provides government concessional loan for Phase 2 of Telecommunication Network Rehabilitation Project On July 19, 2011, China Eximbank and the Government of Eritrea signed a preferential loan framework agreement for Phase 2 of the Telecommunication Network Rehabilitation Project.

Then, on September 11, 2011, the Export-Import Bank of China (China Eximbank) and the Government of Eritrea signed a government concessional loan (GCL) agreement to support this project. The estimated face value of the loan is $23 million.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

This purpose of this project is to establish a national MPLS IP backbone, GSM mobile network, TSEiNET ISP network for the country’s state-owned telecoms operator (Eritel). Huawei Technologies Co., Ltd. and ZTE Corporation are the contractors responsible for implementation. The project commenced in 2012 and was completed in 2014.

China Eximbank also financed Phase 1 of the Telecommunication Network Rehabilitation (as captured via Record ID#55516).

📋 Staff Comments

This project is also known as the Eritrea Telecom Phase II Project and the Eritrean Telecom Phase II Reconstruction Project. The Chinese project title is 厄立特里亚电信二期改造项目 or 厄特电信一期项目.
This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.
The estimated face value of the loan is based on the following

📚 Sources & References

https://ojs.amhinternational.com/index.php/jsds/article/download/3267/2068/. However, given that the loan was issued as a GCL, it was almost certainly denominated in RMB. This issue warrants further investigation.4. Official confirmation of the loan agreement can be found here: https://www.scribd.com/document/595885962/%E5%A2%83%E5%A4%96EPC%E9%A1%B9%E7%9B%AE%E8%9E%8D%E8%B5%8420190802 Sources: ChinaLoansToAfrica©SAIS-CARI.csv
厄立特里亚：一带一路上的红海明珠
中厄签署厄特电信二期优惠贷款框架协议
厄立特里亚
对外投资合作国别（地区）指南-厄立特里亚
Abdulrahman Abdullah Almezab
There Is a Solution to the Huawei Challenge
厄电信二期改造项目优惠贷款协议签署
开拓进取拼搏创新中国资金支持境外 EPC 总承包项目融资模式介绍及阿尔及利亚实施探讨 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 Eritrea

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