China Eximbank provides RMB 350 million government concessional loan for Cameroon Telecommunications CDMA Project

On January 31, 2007, China Eximbank and the Government of the Republic of Cameroon entered into a government concessional loan (GCL) loan agreement worth RMB 350 million for the Cameroon Telecommunications CDMA Project. The maturity of the loan is 20 years, the grace period is 5 years, the interest rate is 2%, and the commitment and management fees are both 0.3%. The loan agreement number is CHINA EXIMBANK GCL NO. 5 (2007) TOTAL NO. (176).The proceeds of the loan were on-lent by the Government of the Republic of Cameroon to CAMTEL (Cameroon's state-owned telecommunications operator) to enable its acquisition of wireless (CDMA) phone technology and facilitate the installation of 350,000 CDMA lines. The China Eximbank loan covered 80% of the cost of a commercial contract -- specifically, the “Supply, Installation and Commission of Additional 300,000 CDMA Lines Contract” (Contract number 2006/025/GG/DG/CPM-AG/CAMTEL) -- between CAMTEL and from Huawei Technologies Co. Ltd. Several sources that this project reached implementation, but it precise implementation start and end dates are unknown.

Additional details

1. The loan agreement can be accessed in its entirety via SourceID#68601 or https://www.documentcloud.org/documents/20485114-cmr_2007_175.2. The French project title is Projet Code Division Multiple Access (CDMA).3. The project ID number for this transaction in Cameroon's Development Assistance Database (DAD) is CAM/000766.

Number of official sources

7

Number of unofficial sources

8