Project ID: 52446

Chinese Government provides $8 million interest-free loan via ETCA for education and police projects (Linked to Project iD#52348, #57910, #69223)

Commitment amount

$ 9446436.066867737

Adjusted commitment amount

$ 9446436.07

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Malawi

Sector

Education (Code: 110)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-01-21

Actual start

2018-11-24

Geography

Description

On January 21, 2016, the Chinese Government and the Government of Malawi signed letters of exchange for three separate projects: five community technical colleges (Project ID#57910), Mzuzu Youth Centre (Project ID #69223), and procurement of police vehicles (Project ID #57775). Through these agreements, the Chinese Government signed letters of exchange for a soft loan of $8 million USD to support the five community technical colleges in Mzimba, Ntcheu, Zomba, Mulanje, and Nsanje districts. In addition to the loan, Chinese Government provided a $16 million grant to Malawi for the same project (Project ID #52348). The five community technical colleges project entered implementation on November 24, 2018. The contractor responsible for project implementation is China Railway 14th Bureau Group Co., Ltd. Around September 9, 2021, the company announced the completion of the project.

Additional details

1. The Chinese project title is 马拉维五所社区技术学院项目. 2. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. 3. The construction of the Mzuzu Youth Centre has faced many delays and still not reached the construction phase.

Number of official sources

9

Number of total sources

15

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Malawi [Government Agency]

Implementing agencies [Type]

China Railway 14th Bureau Group Co., Ltd. (CRCC14) [State-owned Company]

Loan Details

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element (OECD Grant-Equiv)

71.6021%

Bilateral loan

Interest-free loan