Project ID: 119

China Eximbank provides RMB 200 million loan for Section 1 of Letlhakeng-Kang Road Project (Linked to Project ID#105 and ID#109)

Commitment amount

$ 51091411.96

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Botswana

Sector

Transport and storage (Code: 210)

Flow type

Loan

Concessional

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 year

2003

Completion

2005

2005-05-01

Actual

Description

In 2003, China Eximbank and the Government of Botswana signed an RMB 200 million loan agreement for Phase 1 of the Letlhakeng-Kang Road Project (莱特哈肯-康公路(第一阶段)). This loan carried the following terms: 15 year maturity, 5 year grace period, and a 3% interest rate. Its final maturity date is September 21, 2018. This project involved the construction of a 123 km road segment (“Section 1”) from Letlhakeng to Dutlwe. It is part of a larger 257 km Letlhakeng-Kang Highway Project. Shanxi Construction Engineering Group Corporation was the contractor responsible for implementation. Construction began in 2003 May and ended in 2005 May. Section 2 of the Letlhakeng-Kang Highway Project, which ran from Dutlwe to Kang (Morwamosu), was also funded by China Eximbank through two separate loans (captured in Project ID#109 and Project ID#105).

Additional details

This project is also known as the Section 1 of the Letlhakeng-Kang Highway Project, the Letlhakeng-Dutlwe Road Project, and the 123 km Letlhakeng-Dutlwe Section of the Letlhakeng-Kang Highway Project. The Chinese project title is 莱特哈肯-康公路(第一阶段). Loan details can be found in sources 'ChinaLoansToAfrica©SAIS-CARI.csv' and 'Government of Botswana External Debt Tables 2010'. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it records the maturity length of this loan as 12 years. AidData relies on the maturity length (15 years) that is recorded by Botswana’s Ministry of Finance and Economic Development.

Number of official sources

11

Number of unofficial sources

1

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Botswana [Government Agency]

Implementing agencies [Type]

China State Construction Engineering Corporation (CSCEC) [State-owned Company]; Government of Botswana [Government Agency]; Shanxi Construction Engineering (Group) Corporation [State-owned Company]

Loan type

Concessional

Maturity

15 years

Interest rate

3.0%

Grace period

5 years

Grant element

41.43627952%

Gurarantee provided

No

Insurance provided

No