[Cancelled] China Eximbank provides $57.6 million preferential buyer’s credit loan for the 81.3 km Tandjouaré–Cinkassé-Burkina Faso Border Road Rehabilitation Project (Linked to Project ID#392 and #68465)
Commitment amount
$ 86525610.83326332
Adjusted commitment amount
$ 86525610.83326332
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
Togo
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
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 USD 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 period of 20 years, a grace period of 7 years, and an interest rate of 2%. One of the projects financed under this loan was the 81.3 km Tandjouaré–Cinkassé-Burkina Faso Border Road Rehabilitation Project. Approximately $57,606,545.93 USD of the loan proceeds were used by the borrower to finance 85% of the cost of a $67,772,406,98 USD commercial contract [Marché N° 008/2008/MTPT/SG/DGTP] between the Government of Togo and China Road and Bridge Corporation (CRBC) signed on November 6, 2008. The project involved the asphalting and rehabilitation of an 81.3 km segment along National Route 1 (RN1) that runs from Tandjouaré to Cinkassé and then onward to Togo’s border with Burkina Faso. It also involved the asphalting and rehabilitation of a 5 km segment that runs from National Route 1 (RN1) and the Lomé Golf Club to the town of Togblékopé. CRBC was the contractor responsible for implementation. CIRA SAS provided services for implementation. 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 and the project’s expected completion date was June 2012. However, on July 14, 2014, the Government of Togo and China Road and Bridge Corporation (CRBC) revised the commercial contract [Marché N° 008/2008/MTPT/SG/DGTP] that they initially signed on November 6, 2008. The contract revision specified that the 81.3 km Tandjouaré–Cinkassé-Burkina Faso Border Road Rehabilitation Project would be replaced with the 13.5 km Togblékopé-Tsévi Road Rehabilitation and Expansion Project (at no additional cost). The latter project involved the rehabilitation and expansion of a 13.5 km segment along National Route 1 (RN1) that runs from Togblékopé to Tsévi. It may have also involved development and asphalting of the Togblékopé-Davié section and development of a 736-meter road segment that connects the REN1 to a tool booth in Davié. However, this issue merits further investigation. According to the General Directorate of Public Works (DGTP) within Togo’s Ministry of Infrastructure and Transport, the 13.5 km Togblékopé-Tsévi Road Rehabilitation and Expansion Project entered implementation. However, its precise implementation start and end dates are unknown. Project ID#68465 captures the loan commitment for the 13.5 km Togblékopé-Tsévi Road Rehabilitation and Expansion Project. Project ID#43758 captures the China Eximbank loan commitment for the 83 km Tandjouaré–Cinkassé-Burkina Faso Border Road Rehabilitation Project, which was effectively cancelled by China Eximbank.
Additional details
1. The 81.3 km Tandjouaré–Cinkassé-Burkina Faso Border Road Rehabilitation Project is also known as the Asphalting of the Tandjouare-Cinkassé Section of National Route 1 Project or the Rehabilitation and Reinforcement of the 81.3 km Tandjouareé-Cinkassé Section of the RN1 Project. The French project title is Projet de réhabilitation et la route tronçon Tandjouré-Cinkassé-Frontière Burkina or Réhabilitation et renforcement de Tandjouaré–Cinkassé (81,3km) et de la RN1-Golfe Club-Togblékopé sur 5 km or Réhabilitation de la route N°1 Lomé-Cinkassé (Tandjouare-Cinkassé). 2. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it characterizes this project as having been completed with an official loan commitment from China Eximbank. AidData records the status of the China Eximbank loan for this project as having been (effectively) cancelled.
Number of official sources
8
Number of total sources
17
Details
Cofinanced
No
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%