MOFCOM provides RMB 30 million interest-free loan for Douala Gyneco-Obstetric and Pediatric Hospital Construction Project (Linked to Project ID#59618, #22839, #314)

On January 31, 2007, China's Ministry of Commerce (MOFCOM) and Cameroon's Ministry of Public Health signed an RMB 30,000,000 loan agreement for the Douala Gyneco-Obstetric and Pediatric Hospital Construction and Equipping Project. The loan, which is captured via Project ID#58705, carried the following borrowing terms: a 21 year maturity, a 7 year grace period, and a 0% interest rate. As of December 31, 2020, this loan had achieved a 100% disbursement rate and its outstanding amount was zero. Then, on August 3, 2009, the Chinese Government provided a grant worth RMB 50 million to the Government of Cameroon for the Douala Gyneco-Obstetric and Pediatric Hospital Construction and Equipping Project (captured via Project ID#59618). Several months later, on November 5, 2009, China's Ministry of Commerce (MOFCOM) issued the Government of Cameroon a RMB 50 million loan — through an Economic and Technical Cooperation Agreement (ETCA) — for the Douala Gyneco-Obstetric and Pediatric Hospital Construction and Equipping Project. The loan, which is captured via Project ID#314, carried the following borrowing terms: a 20 year maturity, a 10 year grace period, and a 0% interest rate. As of December 31, 2020, this loan had achieved a 100% disbursement rate and its outstanding amount was zero. The purpose of the project was to construct and equip the Douala Gyneco-Obstetric and Pediatric Hospital (Projet de construction et d’équipement de l’hôpital gynéco-obstétrique et pédiatrique de Douala, or HGOPD). Shanxi Construction Engineering was the contractor responsible for project implementation. Construction began in October 2009 and the the hospital was handed to the Cameroonian authorities on November 17, 2015.

Additional details

1. The French project title is Hôpital Genyco Obstetrique de Douala (HGOPED) or Projet de construction et d’équipement de l’hôpital gynéco­obstétrique et pédiatrique de Douala. The Chinese project title is 杜阿拉妇儿医院. 2. MOFCOM is the funder but the interest-free proceeds were to be disbursed through a CDB account established with a host country bank. 3. The borrowing terms of the RMB 30 million loan are drawn from an official source in the borrower country (see https://www.dropbox.com/s/a400557jut579m5/Government%20of%20Cameroon%202020%20Register%20of%20Chinese%20Loans%20and%20Borrowing%20Terms.pdf?dl=0).

Number of official sources

7

Number of total sources

13