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Overview

China Eximbank provides RMB 18.6 million loan for Acquisition of Equipment for Road Reconstruction in La Paz (Linked to Record ID#39428)

Commitments (Constant USD, 2023)$4,549,923
Commitment Year•2005Country of Activity•BoliviaDirect Recipient Country of Incorporation•BoliviaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 1, 2005
Start (actual)
Dec 21, 2006
End (actual)
Dec 21, 2006
First repayment (originally scheduled)
Nov 29, 2014
Last repayment (originally scheduled)
Nov 26, 2025

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The project reconstructed roads across La Paz, Bolivia. More detailed locational information can be found at https://www.openstreetmap.org/relation/4499870

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

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Bolivia

Implementing agencies

Government Agencies

  • Government of Bolivia
  • Municipal Government of La Paz

State-owned companies

  • China National Construction & Agricultural Machinery Import & Export Corporation (CAMC)

Loan desecription

China Eximbank provides RMB 18.6 million loan for Acquisition of Equipment for Road Reconstruction in La Paz

Grace period•9 yearsGrant element•58.5359%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

In late 2005, China Eximbank and the Government of Bolivia signed an RMB 18,600,000 government concessional loan (GCL 2005 (14) 135) agreement with the Government of Bolivia for the Acquisition of Equipment for Road Reconstruction (Adquisición de Equipos para reconstrucción de carreteras) in La Paz. The GCL carried the following borrowing terms: a 2% interest rate, a 9 year grace period, and a 20 year maturity. In total, the lender made disbursements worth approximately $2,984,500. The borrower made no principal repayments between late 2005 and 2014. However, it paid interest and/or fees worth an unknown amount between 2005 and 2012, $61,300 in 2013, and $61,115 in 2014. Then, the borrower made loan repayments worth $316,795 in 2015 ($257,934 in principal and $58,861 in interest/fees), $297,759 in 2016 ($246,398 in principal and $51,361 in interest/fees), $285,733 in 2017 ($240,629 in principal and $45,104 in interest/fees), $287,575 in 2018 ($246,340 in principal and $41,235 in interest/fees), $270,386 in 2019 ($235,715 in principal and $34,671 in interest/fees), an unknown amount in 2020, $276,477 in 2021 ($249,889 in principal and $26,588 in interest/fees), $263,337 in 2022 ($242,403 in principal and $20,934 in interest/fees), and $243,819 in 2023 ($228,725 in principal and $15,094 in interest/fees). The loan’s (principal) amount outstanding was $2,984,500 as of December 31, 2012, $3,068,193 as of December 31, 2013, $2,998,622 as of December 31, 2014, $2,616,735 as of December 31, 2015, $2,208,947 as of December 31, 2016, $2,104,528 as of December 31, 2017, $1,762,965 as of December 31, 2018, $1.505.498 as of December 31, 2019, $1,366,859 as of December 31, 2020, $1,141,706 as of December 31, 2021, $811,072 as of December 31, 2022, and $568,047 as of December 31, 2023. The Autonomous Government of the District of La Paz (Gobierno Autónomo Departamental de La Paz/GAD La Paz) was responsible for project implementation, as well as the China National Engineering and Agricultural Machinery Import and Export Corporation. This project was completed on December 21, 2006.

Staff comments

1. The Spanish project title is Adquisición de Equipos para reconstrucción de carreteras. 2. This record is linked to umbrella Record ID#39428, an RMB 250 million framework agreement (credit line).