Active Mixed AidData Chinese Aid

Bank of China provides EUR 89.9 million buyer's credit for 80 km Korhogo-M'Bengué Road Asphalting Project

€89.91M EUR

Funder	Bank of China (BOC)
Recipient Organization	Government of Côte d'Ivoire (Ivory Coast)
Country	Cote d'Ivoire
Start Date	Mar 30, 2023
End Date	Jul 10, 2028
Duration	1,929 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`97790`

Grant Description

Bank of China provides EUR 89.9 million buyer's credit for 80 km Korhogo-M'Bengué Road Asphalting Project On March 30, 2023, the Government of Côte d’Ivoire signed an EUR 89 ,906, 182.12 (CFA 58,974,589,426.17) buyer’s credit agreement with Bank of China for the 80 km Korhogo-M'Bengué Road Asphalting Project.

📋 Loan / Grant Terms

💰 Loan Amountinclude a 15-year maturity

📅 Maturity15 years

The borrower was expected to use the proceeds of the loan to partially finance the cost of a CFA 64,045,073,128 commercial contract with China Machinery Engineering Corporation (CMEC).

According to the Government of Côte d’Ivoire’s Aid Management Platform (PGFE), the loan had not disbursed as of June 2025. Effective funding date had also been updated to December 31, 2025.

The purpose of the project is to pave (asphalt) an 75 km road between Korhogo and M'Bengué, and thereby facilitate the transport of agricultural products between those towns as well as with Mali.

CMEC and Etablissement Koné Daouda Soukpafolo (EKDS) Nouvelle — a local construction firm in Côte d’Ivoire — are jointly responsible for project implementation. Their work will be overseen by Agence de Gestion des Routes (AGEROUTE).

Construction began on or around June 10, 2023 and the project was originally scheduled to reach completion within 30 months (December 10, 2025).

📋 Staff Comments

The French project title is Projet de construction de la route M'BENGUE - KORHOGO.
The project identification number in the Government of Côte d’Ivoire’s Aid Management Platform (PGFE) is 1120071344075.
The AMP identifies the following locational coordinates for the route of the road: 10.00040874456897, -5.899658203125; 9.8164270651089, -5.8282470703125; 9.760941851420757, -5.821380615234375; 9.721690627341165, -5.83099365234375; 9.670251017687507, -5.793914794921874; 9.660774440467502, -5.758209228515625; 9.575473268620033, -5.667572021484375; 9.456286594375449, -5.635986328124999.
The loan's borrowing terms are drawn from the following official

📚 Sources & References

https://www.dgf.gouv.ci/images/app/contenu/185/2023-etat-des-conventions-signees-dette-exterieure.pdf5. The loan agreement was initially signed on December 23, 2020. However, it did not disburse between December 2020 and March 2023. The loan agreement was then re-issued on March 30, 2023 (see https://www.dgf.gouv.ci/images/app/contenu/185/2023-etat-des-conventions-signees-dette-exterieure.pdf). For the time being
AidData treats March 30, 2023 as the loan commitment date. Sources: M'BENGUE - KORHOGO road construction project
Projet de construction de la route M'BENGUE - KORHOGO
Les travaux de bitumage de la route Korhogo-M’Bengué commencent en juin (Entreprise)
A quand le bitumage de la route Korhogo-M'bengué qui constitue un calvaire pour les usagers
Démarrage des travaux de bitumages Korhogo-M’bengué / Ali Kader, maire - Cet ouvrage, un ouf de soulagement pour les populations
Asphalting of the Korhogo - M'bengué axis (80 km)
Nouvelle dette signée - 2020 à 2022 int - ext, 2023-etat-des-conventions-signees-dette-exterieure.pdf
Projet de construction de la route M'BENGUE - KORHOGO 6-15-25 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.