China Eximbank pledges $20 million USD loan for Mpika Urban Road Project
Pledged amount
$ 23616090.167169344
Adjusted pledged amount
$ 23616090.167169344
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Zambia
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
According to media reports, China Eximbank pledged to provide a $20 million USD loan for the design, construction, and supervision of the Mpika Urban Road Project. The 2016, 2017, 2018, and 2019 Road Sector Annual Work Plans of Zambia’s Road Development Agency (ZRDA) indicate that China Eximbank was the financing source. However, ZRDA’s 2020 Road Sector Annual Work Plan indicates that U.S. Government’s Millennium Challenge Corporation (MCC) is the financing source. This project involves the expansion of a 7.5 kilometer section of the Great North Road T2 highway between Kapiri weighbridge and Mazingo Hotel into a two-way four-lane (dual carriageway) road. In April 2018, Longjian Road & Bridge Co. Ltd. was awarded a 24-month-long contract worth RMB 133,216,189 for the implementation of this project. Construction began October 2018. In September 2020, the ZRDA posted on Facebook claiming the project was complete, but the 2021 Road Sector Annual Work Plan says works are on-going.
Additional details
The Chinese project title is 赞比亚市政道路项目. It is unclear if China Eximbank disbursed any funding prior to the change in the source of financing; therefore, this project is status-coded as a pledge rather than a commitment for the time being.
Number of official sources
7
Number of total sources
12
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Zambia [Government Agency]
Implementing agencies [Type]
Zambia Road Development Agency [Government Agency]