Chinese Government provides $12.2 million loan for Moi International Sports Centre Refurbishment Project (Linked to Project ID #60195)
Commitment amount
$ 17081589.033663653
Adjusted commitment amount
$ 17081589.03
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Kenya
Sector
Other social infrastructure and services (Code: 160)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On August 2, 2010, the Chinese Government provided a $12,264,851.49 loan to the Kenyan Government for the refurbishment of the Moi International Sports Centre in Kasarani, a suburb of Nairobi. An Exchange of Letters for Maintenance of the Moi International Sport Center was signed during H.E. President Hu Jintao’s visit to Kenya in April 2006. Sheng-Li Engineering Construction Company Ltd. ((胜利油田胜建集团) was the contractor. The project's original timeline was for construction to last 12 months from December 24, 2009, to December 23, 2010, but Sheng-Li Engineering Construction Company Ltd. extended work until June 2012. The stadium was closed in January 2010 for renovation works. On June 2, 2012, the Moi International Sports Centre reopened.
Additional details
1. This project is also known as Phase 2 of the Moi International Sports Centre Renovation Project. The Chinese project title is 我援肯莫伊国际体育中心二期维修项目 or 肯莫伊国际体育中心二期维修项目. 2. A $2,739,876 grant was provided by China's Ministry of Commerce in August 2010 for the same project (as captured via Project ID#60195). 3. AidData assumes that the loan that was issued was an interest-free loan from MOFCOM since the loan was issued alongside a MOFCOM grant. 4. The Moi International Sports Centre was originally built with RMB 200 million in grant funding from the Chinese government for the All Africa Games in 1987.
Number of official sources
5
Number of total sources
13
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Kenya [Government Agency]
Implementing agencies [Type]
Sinopec Petroleum Engineering & Construction Shengli Corporation [State-owned Company]
Kenyan Ministry of Sports, Arts, and Culture [Government Agency]
Loan Details
Interest rate
0.0%