Overview

China Eximbank provides RMB 250 million loan for OCPT National Telecommunications Network Rehabilitation Project

Commitments (Constant USD, 2023)$50,662,729

Commitment Year•2008Country of Activity•Democratic Republic of the CongoDirect Recipient Country of Incorporation•Democratic Republic of the CongoSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 28, 2008

First repayment (originally scheduled): Dec 30, 2012

Last repayment (originally scheduled): Dec 29, 2017

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 Democratic Republic of Congo

Implementing agencies

Private Sector

Huawei Technologies Co., Ltd.

Loan description

China Eximbank provides RMB 250 million loan for OCPT National Telecommunications Network Rehabilitation Project

Grace period•5 yearsGrant element•40.1653%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•10 years

Narrative

Full Description

Project narrative

On January 28, 2008, China Eximbank and the Government of the Democratic Republic of Congo signed an RMB 250 million loan agreement for OCPT National Telecommunications Network Rehabilitation Project. The loan carried the following terms: 10 year maturity, 5 year grace period, and 2% interest rate. The purpose of this project was to rehabilitate a GSM network managed by l’Office Congolais des Postes et Télécommunications (OCPT). Huawei was the contractor responsible for implementation.

Staff comments

1. The French project title is Réhabilitation du Réseau national de télécommunication de l’OCPT. 2. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. 3. The loan was reported to be a non-concessional loan, but AidData has coded it as a concessional loan since it has exceeded 25% grant element, which meets OECD criteria as a concessional loan.