Project ID: 100

Chinese Government provides RMB 100 million interest-free loan for Gotera Interchange Construction Project (Linked to Project ID#59050)

Commitment amount

$ 25487373.128171466

Adjusted commitment amount

$ 25487373.13

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Ethiopia

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

2006-10-06

Actual start

2007-06-28

Actual complete

2009-05-31

Geography

Description

On October 6, 2005, the Chinese Government and the Government of Ethiopia signed an RMB 100 million interest-free loan agreement for the Gotera Interchange Construction Project. According to the Government of Ethiopia’s Aid Management Platform (AMP), the ETB 113,905,321 loan achieved a 14% disbursement rate, with only one disbursement (worth ETB 15,780,856) being made on September 30, 2009. The purpose of this project was to construct the Gotera interchange (overpass), which is 8,281 meters long, as well as an approach bridge. The Gotera interchange (overpass) was the first interchange to be constructed along Addis Ababa Ring Road. The project was designed by China Hydropower Consulting Group East China Survey and Design Institute. Construction was carried out by the Shanghai Construction Engineering Group Corporation. Construction was overseen by Guangzhou Wanan Construction Supervision Co., Ltd. The groundbreaking ceremony was held on December 18, 2006. Construction began on June 28, 2007, and was completed on May 31, 2009.

Additional details

1. This project is also known as the Gotera Interchange (Flyover) Project. The Chinese project title is 埃塞俄比亚首都环城路格特拉立交桥 or GOTERA立交桥项目. 2. This loan is omitted from database of Chinese loan commitments that SAIS-CARI released in July 2020. 3. Since the borrowing terms of the interest-free loan are unavailable, AidData has set maturity period 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 period 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. 4. The system identification number for this project in the Government of Ethiopia’s Aid Management Platform (AMP) is AMP-CHIN-100384. 5. Asnakech Teferra was Ethiopian Ministry of Finance and Economic Development (MOFED) point of contract for this project.

Number of official sources

8

Number of total sources

17

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Ethiopia [Government Agency]

Implementing agencies [Type]

Shanghai Construction Group General Co. [State-owned Company]

Guangzhou Wanan Construction Supervision, Co. Ltd. [State-owned Company]

China Hydropower Engineering Consulting Group Co./China Hydropower Engineering Consulting Group Kunming Survey and Design Institute [Private Sector]

Government of Ethiopia [Government Agency]

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