Completed Development AidData Chinese Aid

[China-Venezuela Joint Fund] CDB Funds USD 219 million Playa Grande Housing Project (linked to Record ID#58677 and 94091)

Funder	China Development Bank (CDB)
Recipient Organization	Banco de Desarrollo Económico y Social de Venezuela (BANDES)\|China-Venezuela Joint Fund
Country	Venezuela
Start Date	Jan 01, 2011
End Date	Jan 26, 2030
Duration	6,965 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`94036`

Grant Description

[China-Venezuela Joint Fund] CDB Funds USD 219 million Playa Grande Housing Project In February 2011, the design for the Playa Grande housing project in Vargas state was completed by SUMMA, a Turkish construction company. The project was funded by the China-Venezuela Joint Fund and the Government of Turkey.

It cost a total of USD 219,457,908.70. The amount financed by the China-Venezuela Joint Fund is uncertain.

This project was part of the Gran Mission Vivienda Venezuela (GMVV), which was officially launched by Hugo Chavez on April 30, 2011 (see Record ID#94091). Construction on phase I of the project began in November 2011 and finished in September 2012. Phase I built 1,488 units. Construction began on phase II in 2012 and finished in 2013.

Construction began on phase III in 2013 and finished in 2014. It was implemented by the Ministry of People's Power for Housing and Habitat.

📋 Staff Comments

1. No transaction amount is recorded because it is captured by project ID#58677, which contains the China-Venezuela Joint Fund.

📚 Sources & References

Presupuestos y Memoria y Cuenta 2010-2013
Memoria 2012
Vargas Social Housing [Phase 1]
Vargas Social Housing Project 2nd Phase
Vargas Social Housing Project 3rd Phase
Intervención del Comandante Presidente Hugo Chávez durante acto de lanzamiento de la Gran Misión Vivienda Venezuela 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.