China pledges a $300 million loan to Romania for construction of bridge over Danube River
Pledged amount
$ 749836470.6010952
Adjusted pledged amount
$ 749836470.6010952
Constant 2021 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.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Romania
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In 2002, China's Exim Bank, Sinosure, and the China Development Bank pledged a $300 million loan to Romania for the construction of a bridge over the Danube river near Braila. Construction for the 990-meter bridge was contracted to China Road and Bridge Corporation, which expected to begin work in late 2004. Construction was estimated to be finished in 3 years. It seems as though construction never began and in 2018, Astaldi, an Italian construction company, and IHI Infrastructure Systems Co. Ltd., a Japanese company, began construction on the bridge. No evidence for Chinese financing can be found. As of 2022, the bridge began construction and is being funded by the European Union's Operational Program for Large-Scale Infrastructure (POIM).
Number of official sources
2
Number of total sources
11
Details
Cofinanced
Yes
Cofinancing agencies [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Direct receiving agencies [Type]
Government of Romania [Government Agency]
Implementing agencies [Type]
China Road & Bridge Corporation (CRBC) [State-owned Company]
Government of Romania [Government Agency]