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

On 5 Novermber, 2009, China's Ministry of Commerce offered Cameroon a 50 million CNY interest-free loan via an Economic and Technical Cooperation Agreement (ETCA). This was the second of two loans for the construction and provision of equipment for the Douala Gyneco-Obstetric and Pediatric Hospital (Projet de construction et d’équipement de l’hôpital gynéco-obstétrique et pédiatrique de Douala, or HGOPD). The maturity is 20 years, and the grace period is 10 years.In January 2007, Hu Jintao and a group that includes the Chinese Minister of Commerce, Bo Xilai, Foreign Minister Li Zhaoxing, and other senior policy makers, signed eight accords with Cameroon, including the first loan agreement to build a gynecological, obstetric, and pediatric hospital in Douala. Shanxi Construction Engineering was responsible for the implementation of this project. Construction for the Gyneco-Obstetric and Pediatric Hospital was completed November 17, 2015, and it was handed over on the same day.This was the second of two interest-free loans from MOFCOM for this specific project (the first loan, worth RMB 30 million, is captured in linked Project ID#58705). On August 3, 2009, the Chinese Government also provided a grant worth RMB 50 million (see linked Project ID#59618). In February 2007, the Chinese Government pledged the provision of expertise on studies for the construction of the Gynaeco-Obstetrics and Paediatric Hospital of Douala worth FCFA 44,800,000 (see linked ProjectID#22839).

Additional details

1. The Chinese name of this project is 杜阿拉妇儿医院. The French project title is Projet de construction et d’équipement de l’hôpital gynéco-obstétrique et pédiatrique de Douala.2. The ETCA can be accessed in its entirety via SourceID#69304 or https://www.documentcloud.org/documents/20485361-cmr_2009_108.3. MOFCOM is the funder but the interest-free proceeds were to be disbursed through a CDB account established with a host country bank.4. The project ID number for this transaction in Cameroon's Development Assistance Database (DAD) is CAM/000669

Number of official sources

15

Number of unofficial sources

9