Project ID: 30384

China Eximbank loans 460 million CNY to NOFBI and E-Government Expansion project (linked to #47014)

Commitment amount

$ 74265289.55

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Kenya

Sector

Communications (Code: 220)

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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2012

Implementation

2014

2014-09-01

Planned start

2014-09-22

Actual start

2016-06-30

Planned completion

Description

On October 28, 2012, China Eximbank and the Government of Kenya signed a 460,000,000 loan agreement for Phase II of the National Optic Fibre Backbone Infrastructure (NOFBI) and E-Government Expansion Project (or 肯尼亚国家光纤宽带基础设施项目). The terms of the loan were as follows: 7 year grace period and 15 year maturity. This project was scheduled for semi-annual repayment beginning on March 21, 2019 and ending on September 21, 2028. This project involves the construction of 2100 km of national optic fibre backbone infrastructure, which passes through eight major towns and 36 districts. Huawei Technologies is the contractor. Project construction began on September 22, 2014. According to the Kenyan Aid Management Platform, the NOFBI project was expected to finish by June 30, 2016. As of 2020, the project was still not complete. See Project #47014 for a follow-on loan for the same project.

Number of official sources

6

Number of unofficial sources

5

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Kenya [Government Agency]

Implementing agencies [Type]

Huawei Technologies Co., Ltd. [Other]

Loan type

Concessional

Maturity

15 years

Grace period

7 years

Gurarantee provided

No

Insurance provided

No