China Eximbank provides $71.8 million loan for Presidential Office Building Construction Project in Mozambique
Constant 2017 USD
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Government and civil society (Code: 150)
In 2007, the Chinese Government announced that it would fund and construct a new presidential palace in Maputo. Then, on September 13, 2013, the Government of Mozambique ratified a $71,851,152 loan agreement with China Eximbank for the Presidential Office Building Construction Project. The loan reportedly carried the following terms: 20 year maturity, 7 year grace period, and a 1.5% interest rate. Anhui Foreign Economic Construction Group (AFECC) was the contractor responsible for project implementation. It built the two-story complex in 18 months. On January 24, 2014, Mozambique's President Armando Guebuza inaugurated the new, Chinese-built presidential office complex in the capital city of Maputo.
The Portuguese project title is Construção do Edifício para Escritórios da Presidência. The Chinese project title is 莫桑比克总统府办公楼.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Mozambique [Government Agency]
Implementing agencies [Type]
Anhui Foreign Economic Construction Group Co., Ltd. (AFECC) [Private Sector]