Project ID: 11579

China Eximbank provides RMB 69.4 million government concessional loan for the Kampala City Council (KCC) Procurement of Equipment Project

Commitment amount

$ 15266789.70635363

Adjusted commitment amount

$ 15266789.71

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Uganda

Sector

Other multisector (Code: 430)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

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

2009-02-23

Actual start

2009-05-14

Planned complete

2014-06-30

Actual complete

2014-06-30

Geography

Description

On April 15, 2008, the Ugandan Parliament approved an RMB 69,437,058 ($10,236,911.38) government concessional loan (GCL) agreement [CHINA EXIMBANK GCL NO. (2009) 9 TOTAL NO. (260)] between the Government of Uganda and China Eximbank for the Kampala City Council (KCC) Procurement of Equipment Project. The GCL agreement was finalized on February 23, 2009. The borrowing terms of the GCL were as follows: a 20-year maturity, a 7 year grace period, and a 2% interest rate. According to the Government of Uganda’s Aid Management Platform (AMP), this loan achieved a 99.3% disbursement rate, with China Eximbank making 2 loan disbursements (worth $10,171,692.42) in 2009: a $5,085,958.10 disbursement on May 14, 2009, and a $5,085,734.33 disbursement on December 11, 2009. According to the Uganda Ministry of Finance, Planning, and Economic Development's Report on Public Debt, Grants, Guarantees and Other Financial Liabilities for Financial Year 2021/2022, as of December 31, 2021, total loan disbursements amounted to $10,904,060.71 and the loan’s amount outstanding (including arrears) was $5,088,561.67. The purpose of the loan was to facilitate the acquisition of road repair and sanitation equipment for Kampala City Council. It was part of a larger effort to address the severe disrepair of local infrastructure in Kampala. The equipment was supplied by First Automobile Works (also known as FAW Group Corporation). However, the project's precise commencement and completion dates are unknown. The originally scheduled project completion date was June 30, 2014.

Additional details

1. This project is also known as the Kampala Institutional & Infrastructure Development Project. 2. The Government of Uganda’s agreement code for the GCL agreement is L-0430. The system identification number in the Government of Uganda’s Aid Management Platform (AMP) is 872992582. 3. This project was also supported by a $32,400,589.10 loan from the World Bank’s International Development Association (IDA).

Number of official sources

9

Number of total sources

12

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Details

Cofinanced

Yes

Cofinancing agencies [Type]

World Bank [Intergovernmental Organization]

Direct receiving agencies [Type]

Government of Uganda [Government Agency]

Implementing agencies [Type]

China FAW Group Co., Ltd. (FAW) [State-owned Company]

Loan Details

Maturity

20 years

Interest rate

2.0%

Grace period

7 years

Grant element (OECD Grant-Equiv)

51.7588%

Bilateral loan

Government Concessional Loan

Investment project loan