Project ID: 57555

China Eximbank commits to $20 million loan for Mzuzu International Airport Project

Commitment amount

$ 23046763.140419476

Adjusted commitment amount

$ 23046763.14

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Malawi

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-01-01

Planned start

2018-01-01

Planned complete

2020-12-30

Geography

Description

In July 2017, according to the Malawi Ministry of Finance, Economic Planning and Development, China Exim Bank loaned $20 million USD to Malawi for the construction of the Mzuzu airport in Lusangazi. The project construction was intended to start in January 2018. According for the Center for Aviation, the airport will be developed on a 90 acre site with two 2000m runways. The project is expected to be completed on December 31, 2020. Loan details and actual start date are unknown.

Number of official sources

1

Number of total sources

7

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Malawi [Government Agency]

Implementing agencies [Type]

Government of Malawi [Government Agency]

Loan Details

Bilateral loan

Investment project loan