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Completed Development AidData Chinese Aid

Chinese Government provides €9.1 million interest-free loan for Parliamentary Complex Construction Project (Linked to Record ID#498)

€9.15M EUR

Funder China Ministry of Commerce
Recipient Organization Government of Côte d'Ivoire (Ivory Coast)
Country Cote d'Ivoire
Start Date Jan 01, 2002
End Date Sep 23, 2033
Duration 11,588 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 85369
Grant Description

Chinese Government provides €9.1 million interest-free loan for Parliamentary Complex Construction Project According to a report from the French Institute for Geopolitics (source #136666), the Chinese Government loaned a total of €24,391,842 to the Government of Cote d'Ivoire for the Parliamentary Complex Construction Project (p. 168).

This was in the form of two interest-free loans issued by the Chinese Ministry of Commerce.

First, in March 2002, the Chinese Government signed a 6 billion FCFA (€9,146,941) interest-free loan agreement for this project (p. 471).

Then, on April 24, 2002, Chinese Government and the Government of Cote d'Ivoire signed another interest-free loan agreement (see Umbrella Record ID#858) in which €15,244,901 were allocated towards this project (see Record ID#498).

📋 Loan / Grant Terms
💰 Loan Amountterms are unknown

This project involved the construction of a six-story parliamentary complex (“Hotel les Députés”) in the city of Yamoussoukro.

Wuhan Architecture Design Institute was the contractor responsible for project design and Anhui Foreign Economic Construction Corporation was the contractor responsible for project implementation. A construction contract was signed on December 5, 2003.

Then, on May 7, 2004, a groundbreaking ceremony took place. 300 workers, including 130 Chinese workers, were involved in the construction of the complex. The project passed final MOFCOM inspection on April 18, 2006. It was then officially handed over to the Ivorian authorities on May 27, 2006. On February 27, 2015, Hotel les Députés changed its name to "HP Resort", which stands for Hôtel des Parlementaires.

📋 Staff Comments

The Chinese project title is 议员之家 or 建的科特迪瓦“议员之家”项目. The French project title is La construction de la maison des députés de Yamoussoukro or la construction de l’Hôtel des députés de Yamoussoukro.This loan-financed project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.None of these sources actually provide the €15,244,901 transaction amount for the April 2002 agreement. AidData just did some math: €24,391,842 minus €9,146,941 is €15,244,901. 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
  • G´eopolitique de la Chine en Cˆote d’Ivoire
  • China writes off 40 percent of Ivory Coast debt
  • 科特迪瓦总统为中国援建项目'议员之家'奠基
  • China-aided 'House of Deputies' Project Passed Examination in Côte d'Ivoire
  • 中国对科重点援建项目
  • 李金早副部长视察我援科技术合作项目
  • 中国援助科特迪瓦议员之家项目正式开工
  • 中国援科“议员之家”技术合作项目换文确认
  • 我援建科特迪瓦“议员之家”项目的施工合同正式签署 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 Côte d'Ivoire (Ivory Coast)

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