China Eximbank provides RMB 350 million government concessional loan for Phase I of BOL-110 Command and Control System for Citizen Security Project (Linked to Project ID#54577)
Commitment amount
$ 62193740.59899366
Adjusted commitment amount
$ 62193740.6
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Bolivia
Sector
Government and civil society (Code: 150)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On December 19, 2016, China Eximbank and the Government of Bolivia signed a government concessional loan (GCL) agreement [China Eximbank GCL 2016 (29) 599] for the Command and Control System for Citizen Security Project. The loan was ratified through the passage of a law on January 27, 2017. The GCL carried the following borrowing terms: a 2% interest rate, a grace period of 5 years, and a 15 year maturity. The lender made disbursements worth $0 in 2016, $47,252,441 in 2017, $0 in 2018, $0 in 2019, an unknown amount in 2020, and $5,490,110 in 2021. The borrower made no principal repayments between 2016 and 2021. However, the borrower paid interest and/or fees worth $0 in 2016, $408,023 in 2017, $881,932 in 2018, $956,519 in 2019, an unknown amount in 2020, and $1,014,322 in 2021. The loan’s (principal) amount outstanding was $0 as of December 31, 2016, $48,220,436 as of December 31, 2017, $45,780,226 as of December 31, 2018, $45,108,906 as of December 31, 2019, $48,401,223 as of December 31, 2020, and $54,902,822 as of December 31, 2021. The first phase of the project involved the construction of a command center in La Paz's Miraflores area, which has 32 consoles to track 620 security cameras in the cities of La Paz and El Alto. The system was to be expanded to six provincial capitals in the second phase, when all of them would be equipped with control centers. The system was to be assisted with 120 public servants, three police buses, five drones and new intelligent patrol vehicles. The Bolivian police department was also to receive 100 digital radios with GPS for patrol cars and 500 radios for police officers. 2,000 public transport vehicles were to be equipped with a GPS system and emergency buttons to help drivers and passengers. China National Electronics Import & Export Corporation was the contractor responsible for the project's first phase. Phase I commenced on October 31, 2017 and reached completion on August 20, 2019.
Additional details
1. This project is also known as Phase 1 of the BOL-110 Public Security Integrated System Project. The Spanish project title is Proyecto “Implementación del Sistema de Comando y Control Para Seguridad Ciudadana”. The Chinese project title is 城市安全监控系统项目 or 中方援玻城市安全监控系统项目. 2. This project should not be confused with Project ID#54577, which is the China Eximbank-financed Phase 2 of the BOL-110 Public Security Integrated System Project (also known as Sub-National Integrated Command and Control System for Citizen Security or Sistema Integrado de Comando y Control para Seguridad Ciudadana Sub-Nacional). 3. This project is potentially linked to Project ID#54984, a donation of 570 video cameras to the Bolivian Police Force. The Chinese name of this project is: 中方援玻城市安全监控系统项目. 4. The grace period of the loan for the project's first phase is unknown. For the time being, AidData relies on the (5-year) grace period of the loan for the project's second phases (documented in Project ID#54577).
Number of official sources
15
Number of total sources
18
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Bolivia [Government Agency]
Implementing agencies [Type]
China National Electronics Import & Export Corporation (CEIEC) [State-owned Company]
Government of Bolivia [Government Agency]
Loan Details
Maturity
15 years
Interest rate
2.0%
Grace period
5 years
Grant element (OECD Grant-Equiv)
34.1149%