Active Mixed AidData Chinese Aid

Bank of China provides CFA 72.6 billion loan for Phase 3 of Video Surveillance Platform Project (Linked to Record ID#53273, ID#92204, and ID#92205)

$121.13M USD

Funder	Bank of China (BOC)
Recipient Organization	Government of Côte d'Ivoire (Ivory Coast)
Country	Cote d'Ivoire
Start Date	Apr 30, 2020
End Date	Apr 25, 2026
Duration	2,186 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`92206`

Grant Description

Bank of China provides CFA 72.6 billion loan for Phase 3 of Video Surveillance Platform Project According to the Government of Côte d'Ivoire’s Aid Management Platform (AMP), Bank of China and the Government of Côte d'Ivoire signed a CFA 72,678,277,635.24 loan agreement on April 30, 2020 for Phase 3 of the Video Surveillance Platform Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

As of December 31, 2022, the loan had achieved a 66.4% disbursement rate.

Three loan disbursements (worth CFA 48,300,000,000) took place in 2021 and 2022: a CFA 14,106,861,650 disbursement on December 31, 2021, a CFA 4,650,000,000 disbursement of September 30, 2022, and a CFA 29,543,138,350 disbursement of December 31, 2022. Phase 3 involves the laying of fiber optic cable and the installation of video surveillance cameras in various cities.

It also seeks to connect these cameras to a traffic monitoring system using license plate readers and variable message signs for the detection of red light violations.

The ultimate objectives of the project are to reduce crime, establish an infrastructure monitoring system, and establish a road traffic regulation and control system. Huawei Technologies Co., Ltd. is the contractor responsible for implementation. The precise timing of the project's implementation start date is unknown.

📋 Staff Comments

This project is also known as Phase 3 of the Abidjan Safe City Project. The French project title is Extension du projet de mise en oeuvre de la plateforme unifiée et ouverte de la vidéo protection or Projet de vidéoprotection Phase III.
The AMP system identification number for the Bank of China loan is 1120071335710.
This Bank of China loan is not included in the Chinese Loans to Africa (CLA) database that is managed by the Global Development Policy Center at Boston University and SAIS-CARI.
Bank of China also provided a loan for the project’s second phase (as captured via Project ID#92204 and ID#92205). China Eximbank financed the project’s first phase (as captured via Project ID#53273).
According to the World Bank's Debtor Reporting System (DRS), the weighted average grace period of all ‘private’ sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Côte d'Ivoire was 3.4166-years in 2020. AidData estimates the grace period of the Bank of China loan that supported Phase 3 of the Video Surveillance Platform Project by using this figure. See https://www.dropbox.com/scl/fi/i7f56vi0ix8drznpbaczg/Weighted-average-borrowing-terms-from-Chinese-Lenders-to-Ivory-Coast-April-2024-IDS-Data-Extraction.xlsx?rlkey=0uj6y8don6vdg39v28f1y4nwz&dl=0 6. According to the World Bank's Debtor Reporting System (DRS), the weighted average maturity of all ‘private’ sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Côte d'Ivoire was 14.9166-years in 2020. AidData estimates the maturity of the Bank of China loan that supported Phase 3 of the Video Surveillance Platform Project by using this figure. See https://www.dropbox.com/scl/fi/i7f56vi0ix8drznpbaczg/Weighted-average-borrowing-terms-from-Chinese-Lenders-to-Ivory-Coast-April-2024-IDS-Data-Extraction.xlsx?rlkey=0uj6y8don6vdg39v28f1y4nwz&dl=0 7. According to the World Bank's Debtor Reporting System (DRS), the weighted average interest rate of all ‘private’ sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Côte d'Ivoire was 2.7% in 2020. AidData estimates the interest rate of the Bank of China loan that supported Phase 3 of the Video Surveillance Platform Project by using this figure. See https://www.dropbox.com/scl/fi/i7f56vi0ix8drznpbaczg/Weighted-average-borrowing-terms-from-Chinese-Lenders-to-Ivory-Coast-April-2024-IDS-Data-Extraction.xlsx?rlkey=0uj6y8don6vdg39v28f1y4nwz&dl=0

📚 Sources & References

Project to implement a digital video surveillance platform_PHASE III, _Projet d'implantation d'une plate forme numérique de surveillance vidéo_PHASE III French
AMP April 2024 Record -- Projet d'implantation d'une plate forme numérique de surveillance vidéo_PHASE III 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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