Project ID: 23105

Chinese Government issues N$30 million interest-free loan to TransNamib for acquisition of 4 diesel locomotives and 1 DMU passenger train

Commitment amount

$ 9210070.94

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Namibia

Sector

Transport and storage (Code: 210)

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

2004

Completion

2004

2004-07-25

Actual

Description

In 2004, the Chinese Government and TransNamib — a state-owned railway enterprise in Namibia — signed a N$30 million interest-free loan to facilitate TransNamib’s acquisition of 4 diesel locomotives and 1 DMU passenger train. China Railway Materials Export and Import Company (now known as China Railway Materials Group Corporation) and China South Locomotive & Rolling Stock Corp., Ltd. were the contractors responsible for implementation of the project. This project was completed on July 25, 2004, when the products were shipped from China to Namibia.

Additional details

The loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. 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

5

Number of unofficial sources

5

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

TransNamib [State-owned Company]

Implementing agencies [Type]

China Railway Materials Group Corporation [State-owned Company]; China South Locomotive & Rolling Stock Corporation Limited (CSR) [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