Project ID: 31253

China Eximbank provides $168.3 million preferential buyer's credit for National Broadband Network Project (linked to #58397)

Commitment amount

$ 171414339.7

Constant 2017 USD

Summary

Funding agency [Type]

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

Recipient

Cameroon

Sector

Communications (Code: 220)

Flow type

Export Buyer's Credit

Concessional

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2012

Completion

2016

2016-02-18

Actual

Description

On July 19, 2012, China Eximbank and Cameroon's Ministry of Economy, Planning, and Regional Development (MINEPAT) signed a preferential buyer credit (PBC) loan agreement [CHINA EXIMBANK PBC NO. (2012) 33 TOTAL NO.(221)] worth $168,300,000 USD for the National Broadband Network Project (Projet National Broadband Network). The terms of the loan were as follows: 20 year maturity; 5 year grace period; 2% interest rate; 0.30% commitment fee; and 0.30% management fee.The proceeds of the loan were on-lent to Cameroon Telecommunications Co. (CAMTEL) to finance a USD$198,000,000 commercial contract with Huawei Technologies, the contractor for the National Broadband Network Project, on December 31, 2010. The focus of this project will include building fiber-to-the-home, submarine cable, 4th generation mobile broadband (LTE), security surveillance network, and digital TV. The project began January 1, 2012, and it was completed February 18, 2016.Phase II of project is captured in linked Project ID#58397.

Additional details

1. The Chinese name of this project is 喀麦隆国家宽带网建设项目. The French project title is Projet de Réseau National à Haut débit.2. The loan agreement can be accessed in its entirety via SourceID#68635 or https://www.documentcloud.org/documents/20485652-cmr_2012_178.3. The project ID number for this transaction in Cameroon's Development Assistance Database (DAD) is CAM/000816.

Number of official sources

8

Number of unofficial sources

3

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Cameroon Ministry of Economy, Planning, and Regional Development (MINEPAT) [Government Agency]; Camtel [State-owned Company]

Implementing agencies [Type]

Camtel [State-owned Company]; Government of Cameroon [Government Agency]; Huawei Technologies Co., Ltd. [Other]

Loan type

Concessional

Maturity

20 years

Interest rate

2.0%

Grace period

5 years

Management fee

0.3

Commitment fee

0.3

Grant element

53.10116182%

Gurarantee provided

No

Insurance provided

No