Project ID: 30856

[Cancelled] China Eximbank provides oil-backed loan for the Gil Maya International Airport Project (Linked to Umbrella Project #56198)

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Chad

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

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

Cancelled (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2011-04-21

Planned complete

2015-12-31

Description

On April 21, 2011, China CAMC Engineering Co., Ltd. signed a commercial contract worth $1.057 billion with the Government of Chad for the Gil Maya International Airport Project. According to Rapport de Stage CLRT, the Government of Chad obtained funding from China Eximbank for the construction of this project. However, the face value of the loan is unknown. This purpose of this project was to build an international airport in the Gil Maya, Chad. The project site was located in the Gil Maya region, 27 kilometers north of N’Djamena, the capital of Chad. The project would have involved the construction of an international airport with a 4F flight zone, a connection to the N’Djamena refinery and the airport's 66KV power transmission line and oil pipeline, and a highway from the airport to N'Djamena. This airport was designed to accommodate around one million passengers a year. The project was underway as of late 2011 and expected to reach completion in 2015. However, it was not ultimately completed with financing from China Eximbank. Although it was initially approved for financing through a subsidiary loan under the Master Loan Facility Agreement (MLFA) that the Government of Chad signed with China Eximbank in 2011 (captured in #56198), the MLFA was subsequently cancelled in December 2013. Therefore, AidData has status-coded this project as cancelled.

Additional details

The Chinese project title is 乍得吉尔玛雅机场项目.

Number of official sources

3

Number of total sources

10

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Chad [Government Agency]

Implementing agencies [Type]

China CAMC Engineering Co., Ltd. (CAMCE) [State-owned Company]

Collateral

oil

Loan Details

Maturity

20 years

Interest rate

1.5%

Grace period

5 years

Grant element (OECD Grant-Equiv)

52.5675%

Bilateral loan

Investment project loan