COMPLANT to build 47 million USD hospital in Machakos funded by Chinese loan
Pledged amount
$ 52049948.834480576
Adjusted pledged amount
$ 52049948.834480576
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]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Kenya
Sector
Health (Code: 120)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
On Dec 26 2018, Chinese state-owned enterprise China National Complete Plant Import & Export (CNCPIEC, COMPLANT) signed a contract with Nairobi-based project owner Lianard Holding for a 47,758,830 USD (Ksh 4.8 billion) healthcare community project "肯尼亚湖畔医疗城项目". The project aims to build a 13,400 square-meter comprehensive hospital and surrounding apartment building includes 300 apartments inside with a gross floor area of 25,500 square meters. The location is in Machakos, Kenya, 68 kilometers southeast of its capital Nairobi. The contract will become effective after Lianard signs a loan agreement with a Chinese bank. Details of negotiation on the loan contract is unknown.
Additional details
No evidence of Chinese funding yet- however one of the conditions of the commercial contract signed is that the company must secure Chinese bank funding.... may be a project later
Number of official sources
1
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Kenya [Government Agency]
Implementing agencies [Type]
China National Complete Plant Import & Export Corporation Group (COMPLANT) [State-owned Company]