Project ID: 1206

Chinese Government provides RMB 500 million interest-free loan for Zimpeto National Stadium Construction Project

Commitment amount

$ 110596476.5

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Mozambique

Sector

Other social infrastructure and services (Code: 160)

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

2006

Implementation

2008

2008-04-14

Planned start

2008-04-22

Actual start

Completion

2011

2010-01-01

Planned

2011-01-17

Actual

Geography

Description

On February 8, 2007 the Chinese Government provided an interest-free loan to the Government of Mozambique for the Zimpeto National Stadium Construction Project. The Chinese Government also committed several additional interest-free loans for this project, which reportedly totaled to RMB 500 million. This project involved the construction of a stadium with 42,000 seats in the outlying Maputo suburb of Zimpeto. Anhui Foreign Economic Construction Group (AFECC) was the contractor responsible for implementation. A groundbreaking ceremony took place on April 22, 2008. However, construction did not begin until November 2008. Construction ended in November 2010 and the project was officially completed and handed over to the authorities on January 17, 2011. An opening ceremony for the stadium was then held on May 23, 2011.

Additional details

The Chinese project title is 莫桑比克国家体育场项目. The Portuguese project title is Estádio Nacional do Zimpeto. Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20 years by default and grace period to 10 years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.

Number of official sources

19

Number of unofficial sources

23

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Mozambique [Government Agency]

Implementing agencies [Type]

Anhui Foreign Economic Construction Group Co., Ltd. (AFECC) [Private Sector]

Loan type

Interest-Free

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element

75.05159755%

Gurarantee provided

No

Insurance provided

No