Chinese Government pledges loan for Road to Knowledge from Modibo Keita International Airport to the Kabala Campus of Bamako University
Pledged amount
$ 134630508.18244115
Adjusted pledged amount
$ 134630508.18244115
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
Mali
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
In November 2017, during the 2nd session of the Joint Commission for Economic, Commercial and Technical Cooperation between the Government of Mali and the Chinese Government, Malian Minister of Finance Boubou Cissé signed an agreement with the Chinese Government related to the financing of the "Road to Knowledge" (la Route du Savoir) Project, which will run from Modibo Keita International Airport to the Kabala Campus of Bamako University (with multiple interchanges at the Kalabankoro crossing). The Chinese Government reportedly signaled its interest in providing a loan worth 68 billion francs for the project. Beijing Construction Engineering Group (BCEG) will be the contractor responsible for implementation. A foundation stone laying ceremony was originally scheduled to take place in March 2018. However, it does not appear that this ever took place.
Number of official sources
0
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Mali [Government Agency]
Implementing agencies [Type]
Government of Mali [Government Agency]
Beijing Construction Engineering Group Co., Ltd. (BCEG) [State-owned Company]