Project ID: 1364

Chinese Government provides RMB 50 million to TAZARA Operations and Maintenance in Special Train Loan

Commitment amount

$ 15189636.67517303

Adjusted commitment amount

$ 15189636.68

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Zambia

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2001-01-01

Actual start

2001-07-19

Geography

Description

On July 19, 2001, the Chinese Government provided an interest free RMB 50 million loan to the Government of Zambia to support the ongoing operations and maintenance of TAZARA, including through the provisions of spare parts and operations. This project was known as the Special Train Loan. In 1967, the Chinese Government provided an RMB 494 million interest-free loan to the Government of Zambia for the construction of the 1860 km Tanzania–Zambia Railway (TAZARA), stretching from Dar‑es‑Salaam to Kapiri Mposhi. Since then, the Chinese Government has provided a series of grants and loans to support TAZARA by providing spare parts, fuel, technical assistance, passenger coaches, and locomotives.

Additional details

1. Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity 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 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.

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Zambia [Government Agency]

Implementing agencies [Type]

Tanzania-Zambia Railway Authority (TAZARA) [Intergovernmental Organization]

Loan Details

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element (OECD Grant-Equiv)

71.6021%

Bilateral loan

Interest-free loan

Investment project loan