Project ID: 1222

China Eximbank provides $50 million concessional loan for Maputo International Airport Modernization and Expansion Project (Linked to Project ID#21389, #72890)

Commitment amount

$ 65185750.71

Constant 2017 USD

Summary

Funding agency [Type]

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

Recipient

Mozambique

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

2009

Completion

2010

2010-06-10

Actual

Geography

Description

On April 13, 2009, the Government of Mozambique and China Eximbank signed a $50 million concessional loan and a $23 million commercial loan for the Maputo International Airport Modernization and Expansion Project. The concessional carries an interest rate of 2% and the commercial loan carries an interest rate of 4.2%. Then, on December 16, 2010 the Government of Mozambique ratified a government concessional loan (GCL) agreement worth RMB 440,365,443 with China Eximbank to provide supplemental funding for the Maputo International Airport Modernization and Expansion Project. This GCL carries a 2% interest rate. This project involved the construction of new terminals and an increase in the airport’s passenger handling capacity – from 450,000 to 900,000 per year. Anhui Foreign Economic Construction Group (AFECC) was the contractor responsible for implementation Construction began on April 16, 2009 and ended on June 10, 2010. An official project completion ceremony was then held on November 12, 2010. Project ID#1222 captures the $50 million concessional loan; Project ID#21389 captures the $23 million commercial loan; and Project ID#72890 captures the GCL worth RMB 440,365,443.

Additional details

This project is also known as Phase 1 of the Maputo International Airport Renovation Project. The Portuguese project title is Projecto de Modernização e Ampliação do Aeroporto Internacional de Maputo. The Chinese project title is 马普托国际机场改扩建项目.

Number of official sources

22

Number of unofficial sources

15

Download the dataset

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

Concessional

Interest rate

2.0%

Gurarantee provided

No

Insurance provided

No