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Overview

China Eximbank provides $69.689 million loan for Mont-Mambou Social Housing Project (Linked to Record ID#68914 and #68923)

Commitments (Constant USD, 2023)$75,531,232
Commitment Year•2012Country of Activity•CongoDirect Recipient Country of Incorporation•CongoSector•Other Social Infrastructure And ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Sep 4, 2012
Start (actual)
Apr 1, 2012
Last repayment (originally scheduled)
Sep 1, 2026

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of the project was to construct housing units for law enforcement officers at the Mont-Mambou military base in the 7th (Mfilou) district (arrondissement) of Brazzaville. More detailed locational information can be found at: https://www.openstreetmap.org/node/3300967350

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

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Republic of Congo

Implementing agencies

Government Agencies

  • Government of Republic of Congo

Private Sector

  • Egis International

State-owned companies

  • Beijing Construction Engineering Group Co., Ltd. (BCEG)

Loan desecription

China Eximbank provides $69.689 million loan for Mont-Mambou Social Housing Project

Interest type•UnknownMaturity•14 years

Narrative

Full Description

Project narrative

On September 4, 2012, the Export-Import Bank of China and the Government of the Republic of Congo signed a $69,689,969.56 loan agreement for the Mont-Mambou Social Housing Project. The loan has a 14-year maturity, but its interest rate and grace period are unknown. Its (principal) amount outstanding was $40,655,856 as of December 31, 2019. The purpose of the project was to construct housing units for law enforcement officers at the Mont-Mambou military base in the 7th (Mfilou) district (arrondissement) of Brazzaville. Beijing Construction Engineering Group Co.,Ltd. (BCEG) was the contractor responsible for project implementation. A French company called Egis International was the contractor responsible for project supervision. Construction began in April 2012 and the project had achieved a 57% completion rate as of December 2014. The Mont Mambou Social Housing Project was part of a larger housing relocation initiative (worth CFA 78,597,487,428 or 121 million euros) that took place after a munition’s explosion in the Mpila neighborhood within the capital city of Brazzaville on March 4, 2012.

Staff comments

1. This project is also referred to as Mont Mambou Social Housing Project and Mont Mombou Housing Project. The French project title is Logements Mont Mombou or Le projet de délocalisation des casernes militaires or Le projet de délocalisation et construction des casernes militaires. 2. The China Eximbank loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. Nor is it included in the the Chinese Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020. AidData relies on the face value of the loan ($69,689,969.56) and the maturity (14 years) that is recorded by the Republic of Congo’s Public Debt Agency (Caisse Congolaise d’Amortissement or CCA) and Délégation Générale des Grands Travaux (DGGT). 3. Two additional China Eximbank loans supported this larger initiative (see Record ID#68914 and ID#68923), which was coordinated by Mr. Serge OBOA.