China Loans $67 Million USD for Puerto Seco Project and others in Oruro region

On March 31, 2010, the Oruro department government announced that the Chinese government would provide Bolivia with a $67.75 million loan to build infrastructure in the mineral-rich department of Oruro. According to a MOFCOM report, the loan is concessional. For the Dry Port Project (Puerto Seco) of Oruro, a total of $45 million dollars will be used to construct the port and build infrastructure, including transportation services as well as facilities for gathering, distributing, exporting and importing goods, Oruro's Mayor Alberto Aguilar said. Another 6 million dollars will be used to equip a local hospital, and the rest of the credit will be used to drill water wells, repair roads and build other projects. This project may have never come to fruition, as there is no evidence a loan contract was signed or debt obligations were taken on by the Bolivian Government or the Oruro Municipal Government (see comments).

Additional details

Project not recorded as umbrella to capture the full financing to sub-projects. Transaction amount taken from "The New Banks in Town" page 30, which references the title of a now-inaccessible Oruro government source. The higher transaction amount listed there has been used (as opposed to 67 million USD only), additionally, insofar as other articles reference "more than" 67 million USD. This project may have never come to fruition; the oldest available external public debt registry (2015) does not make reference to a loan that this project could be. However, project status pledge, not cancelled or suspended, due to lack of evidence of loan contract. Alternatively, it may be a duplicate of 39435; this loan was announced around the time the loan in 39435 was signed, though the transaction amounts are not around the same amount.

Number of official sources

2

Number of total sources

12