Project ID: 1290

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

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

2011

Implementation

2012

2012-01-01

Planned start

2012-01-01

Actual start

Completion

2019

2019-06-30

Planned

2019-05-24

Actual

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

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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