Chinese Government provides €15.2 million interest-free loan for Parliamentary Complex Construction Project (Linked to Record ID#85369, Umbrella #858)

Project narrative

According to a report from the French Institute for Geopolitics (source #136666), the Chinese Government loaned a total of €24,391,842 to the Government of Cote d'Ivoire for the Parliamentary Complex Construction Project (p. 168). This was in the form of two interest-free loans issued by the Chinese Ministry of Commerce. First, in March 2002, the Chinese Government signed a 6 billion FCFA (€9,146,941) interest-free loan agreement for this project (p. 471) (see Record ID#85369). Then, on April 24, 2002, Chinese Government and the Government of Cote d'Ivoire signed another interest-free loan agreement (see Umbrella Record ID#858) in which €15,244,901 were allocated towards this project. The loan terms are unknown. This project involved the construction of a six-story parliamentary complex (“Hotel les Députés”) in the city of Yamoussoukro. Wuhan Architecture Design Institute was the contractor responsible for project design and Anhui Foreign Economic Construction Corporation was the contractor responsible for project implementation. A construction contract was signed on December 5, 2003. Then, on May 7, 2004, a groundbreaking ceremony took place. 300 workers, including 130 Chinese workers, were involved in the construction of the complex. The project passed final MOFCOM inspection on April 18, 2006. It was then officially handed over to the Ivorian authorities on May 27, 2006. On February 27, 2015, Hotel les Députés changed its name to "HP Resort", which stands for Hôtel des Parlementaires.