Completed Development AidData Chinese Aid

Chinese Government provides RMB 102.16 million interest-free loan for 33 km Niefang-Nkue Road Construction Project

¥102.16M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Equatorial Guinea
Country	Equatorial Guinea
Start Date	Jan 01, 2001
End Date	Oct 24, 2032
Duration	11,619 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`99`

Grant Description

Chinese Government provides RMB 102.16 million interest-free loan for 33 km Niefang-Nkue Road Construction Project In 2001, the Chinese Government and the Government of Equatorial Guinea signed an interest-free loan agreement for the 33 km Niefang-Nkue Road Construction Project. China’s Ministry of Commerce reportedly committed RMB 102.16 million in total.

The project involved the construction of a 33.222 km, seven meter wide road — with a design speed of 40 km per hour — between Niefang and Nkue. Hunan Provincial Communications Planning & Design Institute Co.

Ltd was responsible for project design, China Road & Bridge Corporation (CRBC) was the contractor responsible for project implementation, and Tianjin New Asia Pacific Engineering Construction Supervision Company was responsible for project supervision. The project officially commenced on February 12, 2001 and the road was opened to traffic on May 9, 2003.

The road was built in accordance with Chinese highway standards.

📋 Staff Comments

The Chinese project title is 与了赤道几内亚涅方-恩圭公路项目 or 赤道几内亚涅方—恩圭段公路.
Since the borrowing terms of the interest-free loan are unavailable, AidData has set the 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, a grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

Building Bridges: China's Growing Role as Infrastructure Financier for Sub-Saharan Africa
Equatorial Guinea, http://news.xinhuanet.com/world/2003-05/11/content_864801.htm, http://www.chinahighway.com/news/2003/39258.php
赤道几内亚——涅方-恩圭公路
赤几总统出席中国援建的公路通车典礼
赤道几内亚涅方—恩圭段公路, http://books.google.com/books?id=HzIslxyu6U4C&lpg=PA98&ots=kTEYhJcqXz&dq=Niefang%25252520Nkue%25252520Road%25252520project%25252520was%25252520completed&pg=PA98#v=onepage&q&f=false
赤道几内亚最新经贸信息
我对赤道几内亚经援简况
INFRASTRUCTURE DEVELOPMENT WITHIN THE CONTEXT OF AFRICA’S COOPERATION WITH NEW AND EMERGING DEVELOPMENT PARTNERS 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 Equatorial Guinea

Interested in applying for this grant?

Complete our application form to express your interest and we'll guide you through the process.

Apply for This Grant