China Eximbank pledges loan for Phase 2 of the Fisheries Road Project

On March 1, 2017, Benin’s Council of Ministers approved the Phase 2 of the Fisheries Road Project, which was to be financed with a loan from China Eximbank. Then, on September 27, 2017, the Government of Benin and Xinxing Group signed a $62 million commercial contract for the project. However, according to the Government of Benin, China Eximbank never transmitted the draft loan agreement for review and ratification, which delayed the launch of the project. The purpose of the project is to support Phase 2 of the Fisheries Road (Route des pêches), including a 22.3 km Adounko-Porte de Non-retour section, a 5.22 km Adounko-Cococodji section, a 5.5 km Avlékété-Pahou section, a 12.8 km Porte du non-retour-Bouche du Roi section, and a 8 km Porte du non-retour-RNIE1 section.

Additional details

1. This project is also known as Phase 2 of the Fisheries Road Project. 2. The French project title is Route des pêches (Phase 2) –23 km or Aménagement en 2x2 voies de la section Adounko-Porte de Non-retour (22,3km) avec les bretelles Adounko-Cococodji (5,22km), Avlékété-Pahou (5,5km), Porte du non-retour-Bouche du roi (12,80km) et Porte du non-retour-RNIE1 (8,00km). 3. According to the Government of Benin, China Eximbank never transmitted the draft loan agreement for review and ratification, which delayed the launch of the project. Furthermore, as of July 2023, there is no evidence of official loan commitment. Therefore, the project status is coded as Pipeline: Pledge for the time being.

Number of official sources

4

Number of total sources

7