Chinese Government provides RMB 92.64 million interest-free loan for Ministry of Foreign Affairs Office Building Construction Project
Commitment amount
$ 24427799.05
Constant 2017 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Mozambique
Sector
Government and civil society (Code: 150)
Flow type
Loan
Concessional
Yes
Category
Project lifecycle
Description
In 2001, the Chinese Government provided an RMB 92.64 million interest-free loan to the Government of Mozambique for the Ministry of Foreign Affairs Office Building Construction Project. This project involved the construction of of five-story office building that is 21.60 meters high. The building includes conference rooms, offices, a library, a reception area, a restaurant, a courtyard, a rooftop terrace, central air conditioning, fire sprinklers, fire alarms, telephone systems, computer systems, and simultaneous interpretation systems. Wuhan Architectural Design Institute was responsible for the design of the project and Anhui Foreign Economic Construction Corporation (AFECC) was responsible fo the implementation of the project. Construction began on December 31, 2001 and ended on September 10, 2003. The project was officially completed and handed over to the authorities in October 28, 2003. Upon completion, China’s Ministry of Commerce inspected the project and judged it to be of “excellent” quality. Then, on June 25, 2004, the President of Mozambique inaugurated the new Ministry of Foreign Affairs Office Building.
Additional details
The Chinese project title is 援莫桑比克外交与合作部办公楼项目. Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20 years by default and grace period to 10 years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.
Number of official sources
6
Number of unofficial sources
5
Details
Cofinanced
No
Receiving agencies [Type]
Government of Mozambique [Government Agency]
Implementing agencies [Type]
Anhui Foreign Economic Construction Group Co., Ltd. (AFECC) [Private Sector]; Wuhan Architectural Design Institute [State-owned Company]
Loan type
Interest-Free
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element
75.05159755%
Gurarantee provided
No
Insurance provided
No