Chinese Government commits RMB 50 million interest-free loan — through an ETCA — in August 2009 for various projects (Linked to Project ID#57118)
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Government and civil society (Code: 150)
On August 21, 2009, the Chinese Government and the Government of Burundi signed an Economic and Technical Cooperation Agreement (ETCA), which provided an RMB 50 million interest-free loan for a Presidential Palace Expansion Project (see Project ID#57118) and other projects to be determined by the two governments. The loan carried the following terms: 20-year maturity, 10-year grace period, and 0% interest. Under the terms of the ETCA, the loan was to be repaid over a period of ten years beginning in September 2019. In 2008, China planned to build a presidential palace in Gasenyi (north of Bujumbura). In November 2010, the Burundi government and Chinese Ambassador to Burundi Yu Xuzhong signed an agreement on the China-funded construction of the presidential palace in Gasenyi. The building is located 8 km northeast of Bujumbura's city center.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Burundi [Government Agency]