Completed Development AidData Chinese Aid

MOFCOM provides interest-free loan for School of Excellence Construction Project (Linked to Record ID#59593, #66315, #59360, #30165)

Funder	China Ministry of Commerce
Recipient Organization	Government of Djibouti
Country	Djibouti
Start Date	Jan 01, 2012
End Date	Nov 12, 2033
Duration	7,986 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85281`

Grant Description

MOFCOM provides interest-free loan for School of Excellence Construction Project Between 2012 and 2014, the Chinese Government signed three different Economic and Technical Cooperation Agreements (ETCAs) with the Government of Djibouti) in order to finance the School of Excellence Construction Project (or Basic Education Project or l’École d’excellence).

The first ETCA signed in February 2012 (captured via Record ID#30165) provided an RMB 40 million interest-free loan. The second ETCA signed in January 2013 (captured via Record ID#66315) provided a grant of an unknown value. The third ETCA signed in January 2014 (captured via Record ID#59360) provided a $16.5 million grant.

It is unclear how much funding from each ETCA was earmarked for the School of Excellence Project.

The Chinese Government reportedly contributed RMB 66 million (about $10.7 million) in total for the School of Excellence Project.

The purpose of the project was to construct the School of Excellence, which is located in PK13 district of Djibouti City, about 12 km outside of the capital. Hunan Province Design Institute Co., Ltd was the contractor responsible for project implementation. Construction began on June 16, 2015 and ended on December 15, 2016.

The school was opened and put into use on 10 September 10, 2017. A formal project handover ceremony then took place on September 17, 2017. Record ID#85281 captures the loan derived from ETCA #30165. Record ID#59593 records the grant funding derived from ETCAs #66315 and #59360.

📋 Staff Comments

Since the borrowing terms of the interest-free loan are unavailable, AidData has set maturity to 20-years by default and the 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.
The Chinese project title is 援吉布提基础教育学校项目.

📚 Sources & References

葛华参赞与吉外交部合作司长共同考察我援吉基础教育学校项目施工现场
援吉布提基础教育学校项目交接证书签署仪式在吉顺利举行
我援吉基础教育学校项目施工进展顺利
Ecrire ensemble un nouveau chapitre des relations sino-djiboutiennes pour un développement partagé
援吉布提基础教育学校项目交接证书签署仪式在吉顺利举行
中国政府经贸代表团访问马里
吉布提总统赞赏中国援建吉布提学校
Remise officielle des clés de l'école d'excellence par le gouvernement chinois à notre pays par le biais de l'ambassadeur
M. Fu Huaqing
吉总统出席援吉布提基础教育学校项目开学典礼
Tribune : « Les opportunités sont abondantes et l’avenir est brillant » Zhuo Ruisheng, ambassadeur de la Chine accrédité à Djibouti
中吉两国政府签署经济技术合作协定
援吉布提教育学校项目在炽热的海滨之国放飞民族的希望 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 Djibouti

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