China Eximbank provides RMB 361 million government concessional loan for Mobile Hospital Project
Commitment amount
$ 64457192.97
Constant 2017 USD
Summary
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Recipient
Zambia
Sector
Health (Code: 120)
Flow type
Loan
Concessional
Yes
Category
Project lifecycle
Description
In 2010, China Eximbank and the Zambia Ministry of Finance signed an RMB 361 million (USD $53 million) government concessional loan (GCL) agreement for the Mobile Hospital Project. The GCL carried the following terms: 15 year maturity, 5 year grace period, 2% interest rate, 0.075% commitment fee, and 1% management fee. This project supported the acquisition of 9 sets of mobile hospitals and 150 emergency ambulances. One mobile hospital was assigned to each of country’s 9 provinces. Each mobile hospital included a fleet of seven vehicles, including an operating theater, a laboratory, an X-ray unit, and a pharmacy vehicle. Each mobile hospital had at least 35 health workers, including a surgeon, physician, anesthetist, pharmacist, dentist, eye specialist, nurses, and laboratory technologists. Once the mobile hospitals arrived in a given location, they provided curative healthcare services for 7 days. The purpose of Mobile Hospital Project was to facilitate the purchase of medical facilities, spare parts, and medical consumables, and provide relevant trainings and services. Its ultimate objective was to provide equitable access to quality healthcare to the people in remote and hard-to-reach areas. China National Aero-Technology Import and Export Corporation (CATIC), which was later renamed AVIC International, was the contractor responsible for project implementation. This project was completed when all mobile hospitals became operational in 2011. Then, between 2011 and 2013, AVIC International provided free support and maintenance for the mobile hospitals as part of its sale contract. By 2014, the mobile medical service had reached 9 provinces, 76 regions, and 491,120 patients. It had also performed 25,611 surgeries.
Additional details
The Chinese project title is 流动医院项目. The SAIS-CARI China Loans to Africa database released in July 2020 does not record the interest rate, maturity, or grace period of this loan. AidData extracted this information from the Zambia Auditor General's 2011 report (source ID 67065 p. 117, 125).
Number of official sources
10
Number of unofficial sources
7
Details
Cofinanced
No
Receiving agencies [Type]
Zambia Ministry of Finance [Government Agency]
Implementing agencies [Type]
China National Aero-Technology Import & Export Corporation (CATIC) [State-owned Company]
Loan type
Concessional
Maturity
15 years
Interest rate
2.0%
Grace period
5 years
Management fee
1.0
Commitment fee
0.075
Grant element
47.56430247%
Gurarantee provided
No
Insurance provided
No