MOFCOM provides RMB 50 million interest-free loan — via ETCA — for Douala Gyneco-Obstetric and Pediatric Hospital Construction Project (Linked to Record ID#59618, #58705, #22839)

Project narrative

On January 31, 2007, China's Ministry of Commerce (MOFCOM) and Cameroon's Ministry of Public Health signed an RMB 30,000,000 loan agreement for the Douala Gyneco-Obstetric and Pediatric Hospital Construction and Equipping Project. The loan, which is captured via Record ID#58705, carried the following borrowing terms: a 21 year maturity, a 7 year grace period, and a 0% interest rate. As of December 31, 2020, this loan had achieved a 100% disbursement rate and its outstanding amount was zero. Then, on August 3, 2009, the Chinese Government provided a grant worth RMB 50 million to the Government of Cameroon for the Douala Gyneco-Obstetric and Pediatric Hospital Construction and Equipping Project (captured via Record ID#59618). Several months later, on November 5, 2009, China's Ministry of Commerce (MOFCOM) issued the Government of Cameroon a RMB 50 million loan — through an Economic and Technical Cooperation Agreement (ETCA) — for the Douala Gyneco-Obstetric and Pediatric Hospital Construction and Equipping Project. The loan, which is captured via Record ID#314, carried the following borrowing terms: a 20 year maturity, a 10 year grace period, and a 0% interest rate. As of December 31, 2020, this loan had achieved a 100% disbursement rate and its outstanding amount was zero. The purpose of the project was to construct and equip the Douala Gyneco-Obstetric and Pediatric Hospital (Projet de construction et d’équipement de l’hôpital gynéco-obstétrique et pédiatrique de Douala, or HGOPD). Shanxi Construction Engineering was the contractor responsible for project implementation. Construction began in October 2009 and the the hospital was handed to the Cameroonian authorities on November 17, 2015.