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Overview

MOFCOM provides $30 million interest-free loan for Ministry of Foreign Affairs Office Building Construction Project

Commitments (Constant USD, 2023)$60,129,916
Commitment Year•2005Country of Activity•AlgeriaDirect Recipient Country of Incorporation•AlgeriaSector•Government And Civil SocietyFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 30, 2005
Start (actual)
Jan 21, 2006
End (actual)
Oct 31, 2011
First repayment
Nov 28, 2015
Last repayment
Nov 25, 2025

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of the project was to build a new headquarters complex for the Algerian Ministry of Foreign Affairs — in the Plateau des Annassères within the Kouba suburb of Algiers. More detailed locational information can be found at https://www.openstreetmap.org/way/244635994.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Algeria

Implementing agencies

Government Agencies

  • Government of Algeria

State-owned companies

  • China State Construction Engineering Corporation (CSCEC)

Loan desecription

MOFCOM provides $30 million interest-free loan for Ministry of Foreign Affairs Office Building Construction Project

Grace period•10 yearsGrant element•75.0516%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On November 30, 2005, China State Construction Engineering Corporation (CSCEC) was contracted to build the new office building (headquarters) for the Algerian Ministry of Foreign Affairs. The project scope included design, pre-construction and construction activities and its total cost was somewhere between $190 million and $230 million. The project was financed in part with a $30 million interest-free loan from China’s Ministry of Commerce (MOFCOM) The purpose of the project was to build a new headquarters complex for the Algerian Ministry of Foreign Affairs — in the Plateau des Annassères within the Kouba suburb of Algiers — with 10 buildings and a large conference center and banquet hall capable of accommodating 1,700 people. Construction began on January 21, 2006 and lasted 49 months. A project completion ceremony was held on October 31, 2011. Chinese State Councilor Dai Bingguo has described the office building as the ‘the best administrative building on the African continent’.

Staff comments

1. This project is also known as the Office Building for Ministry of Foreign Affairs. The French project title is le nouveau siège du Ministère algérien des Affaires Etrangères. The Chinese project title is 阿尔及利亚外交部新办公楼项目. 2. Several MOFCOM sources refer to this project as being supported by Chinese ‘aid’ and ‘loan grants’ (see 中建总公司签约阿尔及利亚外交部新办公楼项目 & 中建总公司承建的阿外交部新办公楼项目破土动工). For the time being, AidData assumes that the project was supported by an interest-free loan from MOFCOM. However, this issue merits further investigation. 3. In its database of Chinese loan commitments to African government borrowers, SAIS-CARI does not captures an interest-free loan from MOFCOM for the Ministry of Foreign Affairs Office Building Construction Project. 4. Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity to 20 years by default and the 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.