Chinese Government reschedules debt with Antigua & Barbuda from a 1992 loan for the construction of the Grays Green Gutter and additions to the Multi-Purpose Cultural Centre (Linked to Project ID#54707 and #60912)
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Antigua and Barbuda
Sector
Action relating to debt (Code: 600)
Flow type
Debt rescheduling
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In July 1992, the Chinese Government provided a 8.5 million loan to Antigua & Barbuda for the construction of the Grays Green Gutter and additions to the Multi-Purpose Cultural Center. The payment period for the Construction of the Grays Green Gutter and additions to the Multi-purpose Cultural Centre was originally scheduled between October 1, 2002 to September 30, 2012 (a maturity period of 20 years). In 2011, the Chinese Government rescheduled the loan, extending it to September 2027 (a maturity period of 35 years). The new payment schedule was between October 1, 2017 to September 30, 2027.
Additional details
The original funding is captured by project ID#60912. Project ID#54707 captures new financing in 2011.
Number of official sources
2
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Antigua and Barbuda [Government Agency]
Loan Details
Maturity
35 years