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

Project narrative

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