Chinese Government provides RMB 76.7 million interest-free loan — via ETCA — for Social Housing Project (Linked to Project ID#30570)

In 2016, the Chinese Government provided an RMB 70 million ($10.3 million) grant for the Government of Cape Verde for Phase 1 of the São Vicente Social Housing Project. China’s Ministry of Commerce (MOFCOM) is the source of funding. The grant proceeds were drawn from an Economic and Technical Cooperation Agreement (ECTA) signed by the parties. The project involves the construction of 88 affordable housing units in the neighborhood of Portelinha within the Ribeira de Craquinha suburb on the island of São Vicente. Each housing unit will have four floors, with two 2-bedroom apartments/condominiums on each floor. Each apartment/condominium will have two bedrooms, a bathroom, living room, a kitchen and a storage room. The project also involves the construction of social facilities — namely, green spaces, children's playground and parking. Zheng Tai Group Co., Ltd. is the contractor responsible for project implementation and China Urban Construction Design and Research Institute Co., Ltd is the contract responsible for project design. On January 29, 2019, a project implementation agreement was signed. Then, on December 9, 2019, a groundbreaking ceremony took place. The project was officially completed and handed over the local authorities on January 19, 2022. This project was originally expected to reach completion in 2021

Additional details

1. This project is also known as the Portelinha Project and the Portelinha Social Housing Project. The Portuguese project title is Projeto-piloto da Portelinha. The Chinese project title is 援佛得角社会住房项目 or 圣文森特岛社会住房项目

Number of official sources

10

Number of total sources

20