China Eximbank provides $52.7 million preferential buyer’s credit loan for the Alédjo and Défalé Bypass Road Development and Asphalting Project (Linked to Project ID#392)
Commitment amount
$ 79196007.96358156
Adjusted commitment amount
$ 79196007.96
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Togo
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
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 preferential buyer’s credit (PBC) agreement for the Togolese Road Network Partial Renovation Project (captured by project ID#392). The PBC carried the following terms: a maturity of 20 years, a grace period of 7 years, and an interest rate of 2%. One of the projects financed with the proceeds of the loan loan was the Alédjo and Défalé Bypass Road Development and Asphalting Project. Approximately $52,726,683.19 of the loan proceeds were used by the borrower to finance 85% of the cost of a $62,031,391.99 commercial contract between the Government of Togo and China Road and Bridge Corporation (CRBC), which was signed on November 6, 2008. The Government of Togo provided the remaining funds for the project. The project involved the development and asphalting of an 18.1 km bypass road around the Alédjo fault and a 12.1 km bypass road around the Défalé mountains. Both of these bypasses lie along National Road 1 (RN1). The 18.1 km segment consists of two sections: a 9km section that begins in Aléhéridè and runs eastward, ending at the Para commando training center in Kpéwa; and a 9km section that begins in the village of Bola and runs eastward to Balilo and Bafilo. The 12.1 km Défalé bypass begins at the Défalé market and runs eastward to the Oando gas station in the town of Kanté. The rehabilitation of the 18.1 km segment was designed to allow vehicles with heavy loads to more effectively navigate the extremely sharp gradient of the road that runs between the localities of Aléhéridé, Alédjo and Bafilo. CRBC was the contractor responsible for implementation. Works control and supervision services, which were 100 percent financed by the West African Development Bank (BOAD), were undertaken by CIRA SAS. The beneficiary of the project was Togo's Ministry of Public Works and Transport. A formal project commencement ceremony, attended by President of Togo Faure Gnassingbé, was held on February 4, 2010. However, construction did not begin until September 18, 2010. Construction ended on February 15, 2014. The project was provisionally accepted on August 22, 2014 and was officially commissioned in December 2014. The Défalé Bypasss (Le contournement de Défalé) opened to traffic on December 23, 2015.
Additional details
1. This project is also known as the Alédjo and Défalé Bypass Road Road Rehabilitation Project. 2. The French project title is Les contournements d’Alédjo (18,1km) et de Défalé (12,1km) or Projet d'aménagement et bitumage du grand contournement du contournement d'Alédjo et de Défalé (17,19km) or Projet d’élimination des points critiques dans les traversées d’Alédjo et de Défalé or Réhabilitation de la route N°1 Lomé-Cinkassé (contournement Alédjo et Défalé) or Projet d’élimination des points critiques dans les traversées d’Alédjo et de Défalé. 3. The Chinese project title is 德法雷艰难路段改线工程位 or 德法雷艰难路段改线项目.
Number of official sources
15
Number of total sources
23
Details
Cofinanced
Yes
Cofinancing agencies [Type]
West African Development Bank (WADB/BOAD) [Intergovernmental Organization]
Direct receiving agencies [Type]
Togo Ministry of Economy and Finance [Government Agency]
Indirect receiving agencies [Type]
Togo Ministry of Infrastructure and Transport [Government Agency]
Implementing agencies [Type]
China Road & Bridge Corporation (CRBC) [State-owned Company]
CIRA SAS [Private Sector]
Loan Details
Maturity
20 years
Interest rate
2.0%
Grace period
7 years
Grant element (OECD Grant-Equiv)
51.7588%