Project ID: 21

China Eximbank pledges RMB 200 million loan for construction of 725 housing units in Gaborone, Maun, Jwaneng, Lobatse, Palapye and Francistown

Commitment amount

$ 47770416.54

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.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

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

Recipient

Botswana

Sector

Other social infrastructure and services (Code: 160)

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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2004

Description

On December 6, 2004, China Eximbank and the Government of Botswana signed an RMB 200 million loan framework agreement. Under the terms of the agreement, China Eximbank agreed to lend up to RMB 200 million to the Government of Botswana for the construction of 725 housing units in Gaborone, Maun, Jwaneng, Lobatse, Palapye and Francistown. Any borrowings through this framework agreement will carry the following terms: 15 year maturity. 4 year grace period, and a 3% interest rate. It is not known if any subsidiary loan agreements were approved through this framework agreement.

Additional details

In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it records this RMB 200 million framework agreement as having resulted in a $4 million concessional loan and a $24 million buyer’s credit. However, AidData has not identified any official sources that corroborate the existence of a $4 million subsidiary loan or a $24 million subsidiary buyer’s credit.

Number of official sources

12

Number of unofficial sources

9

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Botswana [Government Agency]

Implementing agencies [Type]

Botswana Housing Corporation [State-owned Company]; China Ocean Engineering Construction General Bureau [State-owned Company]

Loan type

Concessional

Maturity

15 years

Interest rate

3.0%

Grace period

4 years

Grant element

39.83815477%

Gurarantee provided

No

Insurance provided

No