Chinese Government provides RMB 66.33 million interest-free loan for Ma'an Industrial City Project (Linked to Project ID#40987)

On October 19, 2003, the Chinese Government agreed to help the Government of Jordan build the Ma'an Industrial City Construction Project. Then, on December 15, 2003, the Chinese Government and the Government of Jordan signed an agreement, which committed an RMB 66.33 million interest-free loan (captured in Project ID#40986) and an RMB 4.43 million grant (captured in Project ID#40987) for the Ma'an Industrial City Construction Project. The purpose of this project was to build an industrial park that is located approximately 10 km southeast of the town of Ma'an (马安) and thereby stimulate economic growth and development. It involved the construction of water towers, sewage treatment plants, a municipal drainage network, roads, power grids, and communication networks. The project site occupies an area of 400,000 square meters. Wuhuan Engineering Co., Ltd. (位是武汉水务工程建设总公司) — a Chinese state-owned company — and the Jordan Industrial Zone Company were responsible for project implementation. Construction began on December 19, 2003. The project was officially completed on April 4, 2006.

Additional details

1. The Chinese project title is 中国援约马安工业城项目 or 马安工业城项目. The Ma'an Industrial City is the 5th Industrial Estate in Jordan built as a part of the Jordan Industrial Park Plan. 2. Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity to 20 years by default and grace period to 10 years by default, per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.

Number of official sources

7

Number of total sources

11