Project ID: 493

Chinese Government provides RMB 80 million interest-free loan for Orotta Referral Hospital Construction Project (linked to #30533)

Commitment amount

$ 21526639.03

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Eritrea

Sector

Health (Code: 120)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2000

Completion

2003

2003-05-31

Actual

Geography

Description

In 2000, the Chinese Government provided an RMB 80 million (equal to about $10 million) interest-free loan to the Government of Eritrea for the Orotta Referral Hospital Construction Project (see Chinese Loans to Africa Database and Sohu News article). This project involved the construction of a 200-bed hospital in the capital city of Asmara in an area that occupies 10,000 square meters. About 100 Chinese workers were employed to support this project. China Tianjin International Economic and Technical Cooperation Group Corporation was the implementing contractor. Construction began in October 2000 and the project was officially handed over to the Eritrean authorities on May 31, 2003.In 2009, the Chinese Government provided a $5 million grant for the renovation and expansion of this hospital (see Project #30533).

Additional details

The Chinese project title is 奥罗特医院 or 奥特罗医院 or 援厄特奥罗特医院项目. Orotta Referral Hospital is also known as Mekane Hiwot Hospital or مستشفى ميكان هيوت.Since loan terms for the interest-free loan are unavailable, AidData has set maturity period 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 period 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

4

Number of unofficial sources

5

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Eritrea [Government Agency]

Implementing agencies [Type]

China Tianjin International Economic and Technical Cooperation Group Corporation [State-owned Company]; Eritrea Ministry of Health [Government Agency]

Loan type

Interest-Free

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element

75.05159755%

Gurarantee provided

No

Insurance provided

No