China Eximbank provides RMB 33.4 million government concessional loan for Acquisition of Machinery for the Improvement of Tarija Roads Project (Linked to Project ID#39428)

On February 26, 2004, China Eximbank and the Autonomous Government of Tarija signed an RMB 33,455,197 government concessional loan (GCL) agreement [CHINA EXIMBANK GCL 2004 (04) 114B] for the Acquisition of Machinery for the Improvement of Tarija Roads Project. The GCL carried the following borrowing terms: a 20 year maturity, a 9 year grace period, and a 2% interest rate. In total, the lender made disbursements worth approximately $5,518,656. The borrower made no principal repayments between 2004 and 2013. However, it paid interest and/or fees worth an unknown amount between 2004 and 2012 and $110,258 in 2013. Then, the borrower made loan repayments worth $577,929 in 2014 ($470,430 in principal and $107,499 in interest/fees), $560,426 in 2015 ($463,938 in principal and $96,488 in interest/fees), $526,558 in 2016 ($443,188 in principal and $83,370 in interest/fees), $505,161 in 2017 ($432,812 in principal and $72,349 in interest/fees), $508,190 in 2018 ($443,083 in principal and $65,187 in interest/fees), $477,740 in 2019 ($423,973 in principal and $53,767 in interest/fees), an unknown amount in 2020, and $488,175 in 2021 ($449,466 in principal and $38,709 in interest/fees). The loan’s (principal) amount outstanding was $5,368,120 as of December 31, 2012, $5,518,656 as of December 31, 2013, $4,924,518 as of December 31, 2014, $4,258,382 as of December 31, 2015, $3,554,932 as of December 31, 2016, $3,340,009 as of December 31, 2017, $2,748,188 as of December 31, 2018, $2,291,291 as of December 31, 2019, $2,011,519 as of December 31, 2020, and $1,597,204 as of December 31, 2021. The purpose of the project was to purchase machinery to improve the roads in Tarija. The Autonomous Government of Tarija -- also known as Gobierno Autónomo Municipal de Tarija (GAM Tarija) -- was responsible for implementation. The project was completed on October 22, 2005.

Additional details

1. The Spanish project title is "Adquisición de Maquinaria para el Mejoramiento de Caminos Tarija." Linked to umbrella project #39428.

Number of official sources

13

Number of total sources

17