Overview

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

Commitments (Constant USD, 2023)$21,282,528

Commitment Year•2017Country of Activity•MalawiDirect Recipient Country of Incorporation•MalawiSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2017

Start (planned): Jan 1, 2018

End (planned): Dec 30, 2020

Geospatial footprint

Map overview

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More detailed locational information can be found at https://www.openstreetmap.org/way/223976898#map=15/-11.4431/34.0119

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Malawi

Implementing agencies

Government Agencies

Government of Malawi

Loan desecription

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

Interest type•Unknown

Narrative

Full Description

Project narrative

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.