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Overview

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

Commitments (Constant USD, 2023)$14,101,030
Commitment Year•2009Country of Activity•UgandaDirect Recipient Country of Incorporation•UgandaSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Feb 23, 2009
Start (actual)
May 14, 2009
End (planned)
Jun 30, 2014
End (actual)
Jun 30, 2014
First repayment (originally scheduled)
Feb 22, 2016
Last repayment (originally scheduled)
Feb 18, 2029

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of the project is to provide RMB 69.4 million government concessional loan for the Kampala City Council. More detailed location information can be found at: https://www.openstreetmap.org/relation/5457274

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Cofinancing agencies

Intergovernmental Organizations

  • World Bank

Receiving agencies

Government Agencies

  • Government of Uganda

Implementing agencies

State-owned companies

  • China FAW Group Co., Ltd. (FAW)

Loan description

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

Grace period•7 yearsGrant element•56.0077%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

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.

Staff comments

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). 4. The loan agreement can be accessed in its entirety via https://www.dropbox.com/s/7comfnarw4z3924/Equipment%20Supply%20to%20Local%20Governments%20Project%20%28Phase%202%29.pdf?dl=0