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Overview

China Eximbank provides RMB 308,800,000 Government Concessional Loan for the Mozambique Attorney General Building & Relevant Residences Project in 2007

Commitments (Constant USD, 2023)$67,456,817
Commitment Year•2007Country of Activity•MozambiqueDirect Recipient Country of Incorporation•MozambiqueSector•Government And Civil SocietyFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Feb 8, 2007
Start (actual)
Aug 26, 2008
End (actual)
Feb 10, 2011
First repayment
Feb 7, 2012
Last repayment
Feb 3, 2027

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)

Receiving agencies

Government Agencies

  • Government of Mozambique

Implementing agencies

State-owned companies

  • China National Complete Plant Import & Export Corporation Group (COMPLANT)

Loan desecription

China Eximbank provides RMB 308,800,000 Government Concessional Loan for the Mozambique Attorney General Building & Relevant Residences Project in 2007

Grace period•5 yearsInterest type•UnknownMaturity•20 years

Narrative

Full Description

Project narrative

In February 2007, President Hu Jintao on a state visit to Mozambique announced after discussions with Mozambican President Armando Guebuza that China EximBank will provide a $40 million USD soft loan for Mozambican public infrastructure. On February 8, 2007, China Eximbank and the Government of Mozambique signed a RMB 308,800,000 Government Concessional Loan (GCL) agreement to construct the Attorney General Building and the relevant residences. The maturity is 20 years and the grace period is 5 years. The purpose of the project is to construct the Attorney General Buiding, Ministry of Justice Building, and Mozambique Anti-Corruption Office The implementing agencies are China's Complant and Mozambique's Camara de Comercio de Mozambique (CCM). On August 26, 2008, construction began, and it was expected to finish in 2 years. On February 10, 2011, the buildings were inaugurated.

Staff comments

1. The Chinese title for the project is 总检察院办公楼项目 or 莫桑比克检察院大楼、司法部大楼、反贪局大楼等项目. 2. The RMB 308.8 million China Eximbank loan is not included in the database of Chinese loan commitments that SAIS-CARI released in 2020 and re-released in 2021. Nor is it included it in the China’s Overseas Development Finance Dataset that Boston University's Global Development Policy Center published in December 2020.