Chinese Government forgives RMB 11.099 million of debt related to related to Bangabandhu International Convention Centre Construction Project (Linked to Project ID#33925)

In 2000, the Government of Bangladesh and the Chinese Government signed an RMB 100 million interest-free loan agreement for the China-Bangladesh Friendship Conference Center Construction Project. The total cost of the project was 2 billion taka. The multi-purpose conference center was designed by the Beijing Institute of Architectural Design and included a construction area of 19,926 square meters. Construction began in 2000 and was completed in July 2001. The project was formally handed over to the Government of Bangladesh on January 12, 2002. Then, in 2002, the Chinese Government converted a portion of the loan (RMB 11.099 million) for this project into a grant. The remaining RMB 88.901 million had been repaid as of 2017. The China-Bangladesh Friendship Conference Center was renamed Bangabandhu International Convention Centre (Bangla translation: বঙ্গবন্ধু আন্তর্জাতিক সম্মেলন কেন্দ্র) in 2009. Project ID#33925 captures the interest-free loan that supported the project, while this project captures the “grant” (debt forgiveness) that supported the project. The Bangabandhu International Convention Centre is located in Dhaka on Begum Rokeya Ave. Its exact locational coordinates are available at https://www.google.com/maps/place/Bangabandhu+International+Conference+Center/@23.7692139,90.3793891,17z/data=!3m1!4b1!4m5!3m4!1s0x3755c75125f8e4f7:0xf7b9edc3b8747c3a!8m2!3d23.769209!4d90.3815778.

Additional details

The Chinese Government pledged to renovate this convention center in July 2016.The loan being forgiven in this project is an interest-free loan committed in 2000. AidData captures the interest-free loan in Project #33925. This debt forgiveness project has been marked as umbrella to avoid double counting the amounts.

Number of official sources

4

Number of unofficial sources

10