China Eximbank loans 744.5 million RMB for the Kenyatta University Teaching Research & Referral Hospital Construction Project (Linked to Project ID #34174)
Commitment amount
$ 123008711.5
Constant 2017 USD
Summary
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Recipient
Kenya
Sector
Health (Code: 120)
Flow type
Loan
Concessional
Yes
Category
Project lifecycle
Geography
Description
On June 17, 2011, China Eximbank provided an RMB 744,560,000 concessional loan to the Government of Kenya. The terms of the loan are as follows: 2% interest, 20 year maturity, and 7 year grace period. The loan is scheduled for semi-annual repayment installments beginning on September 21, 2018, and ending on March 21, 2031. This project involved the construction of Kenyatta University Teaching Research & Referral Hospital (肯雅塔大学教学转诊医院) in Nairobi. Construction of the 650-bed hospital involved the expansion and equipping of anatomy and basic science laboratories and the establishment of pre-clinical and clinical teaching departments at the university. In addition, the project sought to establish specialized research and training departments of cancer, neurosciences, and alternative medicine (see #34174). The contractor was Jiangxi Int'l Economic and Technical Cooperation Co Ltd. The project planned to enter implementation in 2012, and planned to end construction by June 30, 2019. The project entered implementation in 2012. It was completed on May 24, 2019. The hospital covers an area of more than 600 acres with a total construction area over 80,000 square meters, has a total of more than 650 beds, 8 high-grade operating rooms, 1 maternal center, 1 neonatal intensive care unit (NICU), 1 intensive care unit (ICU), 1 special intensive care unit (HDU), as well as medical imaging center, central supply room, oxygen, and medical gas system, boiler and laundry, medical waste treatment, funeral facilities, restaurant, teaching center, dormitory, and other supporting facilities.
Number of official sources
11
Number of unofficial sources
11
Details
Cofinanced
No
Receiving agencies [Type]
Government of Kenya [Government Agency]
Implementing agencies [Type]
China Jiangxi International Economic and Technical Cooperation Co., Ltd. (CJIC) [State-owned Company]
Loan type
Concessional
Maturity
20 years
Interest rate
2.0%
Grace period
7 years
Grant element
56.00770973%
Gurarantee provided
No
Insurance provided
No