China Eximbank provides a $165 million USD preferential buyer’s credit for Togolese Road Network Partial Renovation Project (Linked to Project ID#68450, #43756, #68465, and #43758)
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Transport and storage (Code: 210)
Export Buyer's Credit
On September 7, 2009, the Export-Import Bank of China and the Ministry of Economy and Finance of the Republic of Togo signed a $165 million USD preferential buyer’s credit (PBC) agreement for the Togolese Road Network Partial Renovation Project. The PBC carried the following terms: a maturity period of 20 years, a grace period of 7 years, and an interest rate of 2%.The proceeds of the PBC were originally going to be used by the borrower to finance three separate commercial contracts with China Road and Bridge Corporation (CRBC) in order to undertake three separate subsidiary projects for the benefit of Togo's Ministry of Public Works and Transport: Phase 1 of Lomé Bypass Road Development and Asphalting Project (captured by linked project ID#68450), Alédjo and Défalé Bypass Road Road Development and Asphalting Project (captured by project ID#43756), and the 81.3 km Tandjouaré–Cinkassé-Burkina Faso Border Road Rehabilitation Project (captured by project ID#43758). However, in 2014, China Eximbank allowed the borrower to use the proceeds of the PBC to finance a commercial contract for the 13.5 km Togblékopé-Tsévi Road Rehabilitation and Expansion Project (captured by project ID#68465) in lieu of the commercial contract for the 81.3 km Tandjouaré–Cinkassé-Burkina Faso Border Road Rehabilitation Project.The West African Development Bank (BOAD) and the Islamic Development Bank (IsDB) also issued loans for the Togolese Road Network Partial Renovation Project worth CFA 6.5 billion francs and CFA 90.5 billion francs, respectively (see pg.41 of 'TOGO/BURKINA FASO: ROAD REHABILITATION AND TRANSPORT FACILITATION ON THE LOME – CINKANSE OUAGADOUGOU CU9 CORRIDOR').
The French project titles are Projet d'aménagement et bitumage du grand contournement de Lomé (13,8 km), du contournement d'Alédjo et de Défalé (17,19 km), Réhabilitation et renforcement de Tandjouaré–Cinkassé (81,3 km) et de la RN1- Golfe Club-Togblékopé sur 5 km.
Number of official sources
Number of unofficial sources
Cofinancing agencies [Type]
Islamic Development Bank [Intergovernmental Organization]; West African Development Bank (WADB/BOAD) [Intergovernmental Organization]
Receiving agencies [Type]
Government of Togo [Government Agency]
Implementing agencies [Type]
China Road & Bridge Corporation (CRBC) [State-owned Company]; Togo Ministry of Economy and Finance [Government Agency]; Togo Ministry of Infrastructure and Transport [Government Agency]