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Overview

Chinese Government provides RMB 88.26 million interest-free loan for Ministry of Foreign Affairs and Regional Integration Office Complex Construction Project

Commitments (Constant USD, 2023)$15,516,487
Commitment Year2011Country of ActivityGhanaDirect Recipient Country of IncorporationGhanaSectorGovernment And Civil SocietyFlow TypeLoan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Mar 1, 2011
Start (actual)
Aug 30, 2011
End (actual)
Mar 19, 2013
First repayment
Dec 29, 2020
Last repayment
Dec 27, 2030

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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This office complex is located at the Airport Residential Area, opposite the main entrance to the Kotoka International Airport in the capital city of Accra. More detailed locational information can be found at https://www.openstreetmap.org/way/232684179

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Ghana

Implementing agencies

Private Sector

  • Yanjian Group Co., Ltd.

State-owned companies

  • China Friendship Development International Engineering Design and Consultation Co., Ltd.

Loan desecription

Chinese Government provides RMB 88.26 million interest-free loan for Ministry of Foreign Affairs and Regional Integration Office Complex Construction Project

Grace period10 yearsGrant element75.0516%Interest rate (t₀)0%Interest typeFixed Interest RateMaturity20 years

Narrative

Full Description

Project narrative

In March 2011, the Chinese Government provided an RMB 88,260,000 interest-free loan for the Ministry of Foreign Affairs and Regional Integration Office Complex Construction Project. The project involved the construction of an office complex in Accra with two, six-story buildings, 141 offices, a 300-person capacity conference room, mini-conference room, a library, a canteen, security rooms, a diesel generator room, an outdoor fire pool and switch room, drainage systems, a fire alarm system, a public address system, a door access system, a satellite TV system, video and audio systems for conference rooms, and a DY660C(600KV) diesel generator. China Friendship Development International Engineering Design & Consultation Limited Liability Company (FDDC) was responsible for project design, and Yanjian Group was the contractor responsible for implementation. Construction began on August 30, 2011 and a formal groundbreaking ceremony took place on September 2, 2011. Construction ended in February 2013 and the project was officially completed and handed over to the Ghanaian authorities on March 18, 2013. This project was funded and implemented after Ministry of Foreign Affairs and Regional Integration’s previous office building was destroyed by a fire in 2009.

Staff comments

1. The Chinese project title is 外交部办公大楼项目 or 援加纳外交部办公楼项目 or 加纳外交部办公楼. 2. According to the 2012 Budget of the Government of Ghana, this project was financed through a grant, not an interest-free loan from the Chinese Government; however, the majority of official and unofficial sources contradict the 2012 Budget of the Government of Ghana. 3. The loan that apparently supported this project is not recorded in the SAIS-CARI database of Chinese loan commitments that was released in 2020 and re-released in 2021. 4. Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity 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 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.