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Overview

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

Commitments (Constant USD, 2023)$20,918,630
Commitment Year•2002Country of Activity•Central African RepublicDirect Recipient Country of Incorporation•Central African RepublicSector•Other Social Infrastructure And ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2002
Start (actual)
Dec 15, 2003
End (actual)
May 18, 2006
First repayment
Dec 30, 2011
Last repayment
Dec 27, 2021

Geospatial footprint

Map overview

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Barthélemy Boganda Sports Complex (Stade Barthélemy Boganda) is located in the capital city of Bangui. More detailed locational information can be found at https://www.openstreetmap.org/way/235317733

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of the Central African Republic

Implementing agencies

Private Sector

  • Yanjian Group Co., Ltd.

State-owned companies

  • China National Complete Plant Import & Export Corporation Group (COMPLANT)

Loan desecription

Chinese Government provides RMB 75 million interest-free loan for Barthélemy Boganda Sports Complex Construction Project

Grace period•10 yearsGrant element•75.0516%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

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. However, according to February 2024 reporting by the New York Times, '[t]he Chinese-built national stadium [...] cannot even host the games of its own national team.'

Staff comments

1. 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. 2. The loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. 3. 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. This issue warrants further investigation.