Project ID: 352

Chinese Government provides RMB 75 million interest-free loan for Barthélemy Boganda Sports Complex Construction Project (Linked to #56589)

Commitment amount

$ 19658029.58

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Central African Republic

Sector

Other social infrastructure and services (Code: 160)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-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

2002

Implementation

2003

2003-12-15

Actual start

Completion

2006

2006-05-18

Actual

Geography

Description

In 2002, Chinese Government and the Government of the Central African Republic signed an RMB 75 million interest-free loan for the Barthélemy Boganda Sports Complex Construction Project. The loan carried the following terms: 20 year maturity, 10 year grace period, and 0% interest rate. This project involved the construction of the Barthélemy Boganda Sports Complex (or Barthélemy Boganda Stadium) in Bangui. The stadium was build with a 20,000 seat capacity. China National Complete Plant Import Export Corporation (Complant) and Yanjian Group Co., Ltd. were the contractors responsible for implementation. On December 15, 2003, a groundbreaking ceremony was held for the Barthélemy Boganda Sports Complex Project. The project was completed on May 18, 2006, and handed over to the local authorities on June 16, 2006.

Additional details

The French project title is Complexe Sportif Barthélemy Boganda. The Chinese project title is 中非政府为体育场项目 or 班吉体育场 or 两万人座体育场项目 or 援中非班吉体育场工程. The loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. Two official sources (AFDB and World Bank) suggest that supplemental grant funding may have been brought to bear in support of the Barthélemy Boganda Sports Complex Construction Project (through an RMB 20 million ETCA commitment) in 2004.

Number of official sources

19

Number of unofficial sources

6

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Details

Cofinanced

No

Receiving agencies [Type]

Government of the Central African Republic [Government Agency]

Implementing agencies [Type]

Yanjian Group Co., Ltd. [Private Sector]; China National Complete Plant Import & Export Corporation Group (COMPLANT) [State-owned Company]

Loan type

Interest-Free

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element

75.05159755%

Gurarantee provided

No

Insurance provided

No