Chinese Government provides RMB 80 million interest-free loan for Phase 1 of Gaborone Multi-Purpose Youth Centre Project (Linked to Project ID#53227)
Commitment amount
$ 24303418.68027685
Adjusted commitment amount
$ 24303418.68
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Botswana
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
In 2001, the Chinese Government and the Government of Botswana signed an interest-free loan agreement for Phase 1 of Gaborone Multi-Purpose Youth Centre Project. Then, on October 30, 2002, the Chinese Government and the Government of Botswana signed an exchange of notes regarding the same project project. In total, the Chinese Government provided two interest-free loans for this project worth RMB 80 million. The total construction area for this project was 6263 square meters, and it was located on an 18 hectare piece of land in Gaborone (between the Madirelo Training Centre and the Gaborone Dam). and the total land area was 7.792 hectares. The project involved the construction of several buildings, swimming pool, diving pool, a football field, two basketball courts, two tennis courts, one outdoor theater, and a parking lot with 101 parking spaces. Negotiations over a project design contract began in May 2001. However, a project design contract was not awarded until May 16, 2007. Zhong Ding International Engineering Co., Ltd. was identified as the contractor responsible for implementation. China’s Ministry of Commerce awarded it a construction contract (worth RMB 58 million) on August 13, 2008. Construction began on October 25, 2009 and ended in 2011. The center was officially handed over to the authorities in Botswana on December 10, 2012. However, as of August 2013, the center was still not open for public use because a fire detection system was omitted from the original design and scope of works. Some other remedial works were also undertaken at the contractors’ expenses as the contract was still within the defects liability period.
Additional details
This project is also known as the Botswana Multi-Purpose Youth Centre Project. The Chinese project title is 哈博罗内多功能青年活动中心项目 or 博茨瓦纳多功能青年活动中心项目. 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
12
Number of total sources
20
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Botswana [Government Agency]
Implementing agencies [Type]
Zhongding International Engineering Co., Ltd. (ZIEC) [State-owned Company]
Loan Details
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element (OECD Grant-Equiv)
57.6211%