Overview

Chinese Government provides RMB 50 million loan for Urban Avenue Reconstruction Project

Commitments (Constant USD, 2023)$11,768,864

Commitment Year•2006Country of Activity•EthiopiaDirect Recipient Country of Incorporation•EthiopiaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 15, 2006

Geospatial footprint

Map overview

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The purpose of this project was to fund the reconstruction of Urban Avenue in Addis Ababa, Ethiopia. More detailed locational information can be found at: https://www.openstreetmap.org/relation/1707699

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

Government Agencies

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Ethiopia

Implementing agencies

Government Agencies

Government of Ethiopia

State-owned companies

China Road & Bridge Corporation (CRBC)

Loan desecription

Chinese Government provides RMB 50 million loan for Urban Avenue Reconstruction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2006, the Chinese government agreed to provide an RMB 50 million loan to Ethiopia for the reconstruction of Urban Avenue in Addis Ababa. The China Road & Bridge Corporation (CRBC) was the contractor. This project involves the (re)construction of the 5.8 kilometer road and two bridges.This project reached the implementation stage.