China Eximbank agrees in principle to provide loan for 235km of TOO5 Road from Manyinga to Mwinilunga and 5 km Urban Roads in Manyinga in Northwestern Province
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
On July 16, 2016, China CAMC Engineering Co. signed a 36-month commercial contract worth $273,179,080 with Zambia's Road Development Agency (RDA) involving the upgrade to bituminous standard of 214 kilometers of D286 road from Manyinga to Mwinilunga plus 4 kilometers of roads in the North Western Province in Zambia. According to the RDA's 2018 Annual Work Plan, the project seems to have been expanded to include 235km of TOO5 Road from Manyinga to Mwinilunga and 5 km Urban Roads in Northwestern Province. China Eximbank was noted the source of funding, though it is unclear how much financing was provided. The House debate script from October 11, 2017 says "the Road Development Agency (RDA) has completed the engagement of the contractors, but implementation awaits the finalization of the financing agreement by the Ministry of Finance." The Zambian Report on Government Assurances from 2020 states that as of September 2018, the delay in approval for the project's financing was "due to the Government’s decision to indefinitely postpone the contraction of pipeline debt as a measure to address fiscal and debt challenges for sustained macroeconomic stability." According to the RDA's 2020 work plan, construction is ongoing.
Additional details
1. Although a Facebook post from Northwestern Newsline reports China Exim as the financing agency as of May 2018 (see: "MANYINGA - MWINILUNGA.."), the Road Development Agency started reporting Eximbank as the financier starting from its 2019 Annual Work Plan. 2. AidData assumes the pledge year is 2019 for the time being.
Number of official sources
9
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]
China CAMC Engineering Co., Ltd. (CAMCE) [State-owned Company]