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Overview

Chinese Government pledges loan for Road to Knowledge from Modibo Keita International Airport to the Kabala Campus of Bamako University

Commitments (Constant USD, 2023)$124,324,509
Commitment Year•2017Country of Activity•MaliDirect Recipient Country of Incorporation•MaliSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 1, 2017
Start (planned)
Mar 1, 2018

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

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Mali

Implementing agencies

Government Agencies

  • Government of Mali

State-owned companies

  • Beijing Construction Engineering Group Co., Ltd. (BCEG)

Loan desecription

Chinese Government pledges loan for Road to Knowledge from Modibo Keita International Airport to the Kabala Campus of Bamako University

Interest type•Unknown

Narrative

Full Description

Project narrative

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.