Project ID: 39889

Chinese Government provides $15 million grant for Grenada National Stadium Reconstruction Project (Linked to Project ID#63703)

Commitment amount

$ 32553500.244212236

Adjusted commitment amount

$ 32553500.24

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Grenada

Sector

Other social infrastructure and services (Code: 160)

Flow type

Grant

Infrastructure

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

2005-03-24

Actual start

2005-11-01

Actual complete

2007-02-04

Geography

Description

On March 24, 2005, China agreed to fund a project to rebuild Grenada's national stadium (Queen's Park), estimated to cost about 113.4 million XCD (42.5 million USD). The construction contract was signed on September 29, 2005, according to the Chinese Ministry of Foreign Affairs. According to a 2017 Grenada government source, the total amount of grants provided is valued at 15 million USD in 2005 and 47.5 million USD in 2006. This project captures the 15 million USD provided in 2005. The 2006 financing is captured in #63703. It should be noted however that the financing was reported to be 77.5 million EC in a 2006 Budget Speech, and 40 million USD in a 2007 Budget Speech. The 15 million USD is recorded as it is from the most recent government source. The stadium was destroyed in 2004 by Hurricane Ivan. The construction of the national stadium started on November 1, 2005, and was implemented by Anhui Foreign Economic Construction Group. The project was handed over during February 2-6, 2007. Five agreements were signed at this meeting, which included assistance in rebuilding the national stadium complex, two financial grants, agricultural funding, and scholarships for 10 Grenadian students to study in China. One of the grants was for 8.5 million USD for housing and development programs.

Number of official sources

7

Number of total sources

9

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Grenada [Government Agency]

Implementing agencies [Type]

Anhui Foreign Economic Construction Group [State-owned Company]