Chinese Government provides interest-free loan for Msoga Primary School Construction Project (Linked to Project ID#14910, #23296, #1522)
Commitment amount
$ 1274368.6564085735
Adjusted commitment amount
$ 1274368.66
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Tanzania
Sector
Education (Code: 110)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In a decision made on June 23, 2006, Wen Jiabao announced a commitment to build three primary schools in any villages Tanzania selects; one of which was in Msoga. The total project cost was 5 million RMB and was likely entirely financed by a loan agreement captured in umbrella project #1522. The other two schools are recorded in projects #14910 and #23296. Beijing Construction Engineering Group built this primary school in President Kikwete's home town of Msoga. It was intended to serve 300 students. The third school is being built on the west coast of Zanzibar. Construction on this primary school started in 2009, but the current status of this project is unknown.
Additional details
1. The borrowing terms of the loan are unknown. For the time being, AidData assumes that MOFCOM's standard borrowing terms for interest-free loans (20-year maturity, 10-year grace period) apply.
Number of official sources
3
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Tanzania [Government Agency]
Implementing agencies [Type]
Beijing Construction Engineering Group Co., Ltd. (BCEG) [State-owned Company]
Loan Details
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element (OECD Grant-Equiv)
71.6021%