China Eximbank provides $114.77 million USD preferential buyer’s credit for Abidjan-Grand Bassam Highway Upgrading and Reconstruction Project
Constant 2017 USD
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Transport and storage (Code: 210)
Export Buyer's Credit
On October 3, 2011, China Eximbank and the Government of Cote d'Ivoire signed a $114.77 million USD (54,655,847,620 CFA) preferential buyer’s credit (PBC) agreement for the Abidjan-Grand Bassam Highway Upgrading and Reconstruction Project (see Oct. '11 FMPRC article). The PBC carried the following terms: a 2% interest rate, a 20-year maturity, and a 7-year grace period (see source #71514; Chinese Loans to Africa Database). The proceeds of the PBC were used to finance 85% of the cost of a 63,356,551,095 CFA EPC contract with China Machinery Engineering Corporation (CMEC). The Government of Cote d'Ivoire covered the remaining 15%. According to a February 2018 export from the Government of Cote d'Ivoire’s Aid Management Platform (AMP), 56,588,409,080 CFA of this loan has been disbursed.This project involved the upgrading and reconstruction of a 42.7 km two-way, six-lane highway between Abidjan and Grand Bassam. A groundbreaking ceremony took place on August 3, 2012 and works were scheduled to last 30 months. The highway was officially opened to traffic on September 14, 2015.
The Chinese project title is 阿比让—大巴姆高速公路 or 阿比让-大巴萨姆高速公路项目. The French project title is Autoroute Abidjan-Grand Bassam or Construction de l'autoroute Abidjan-Bassam.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Côte d'Ivoire (Ivory Coast) [Government Agency]
Implementing agencies [Type]
China Machinery Engineering Corporation (CMEC) [State-owned Company]; Cote d'Ivoire Road Management Agency (AGEROUTE) [Government Agency]