CDB provide $60 million loan for equipment to support national health units (Linked to Project ID#58827)

In 2015, the Chinese government extended a credit line worth $60,350,575.04 for several Health Units in Ecuador. This is part of a larger national program called the Physical Infrastructure Equipment Maintenance Studies and Health Inspection (Infraestructura Fisica Equipamiento Mantenimiento Estudios y Fiscalizacion en Salud). The credit line is part of Tranche B of a December 2012 loan by China Development Bank to the Government of Ecuador (Project ID#58827). The loan terms of Tranche B were applied to this project as well: 8 year maturity, 2 year grace period, and 7.1917% interest. The purpose of this project is to build 96 health units of Second, Third, or Fourth level ranking and equip 310 additional care centers. Additionally, the project calls for the acquisition of 80 ambulances and 8 other vehicles by 2017. Finally, it also includes plans to hire at least 35 professionals per year for the coordination and execution of the project through the year 2017.

Additional details

1. This project is funded through Tranche B of the $2 billion CDB loan (Project ID#58827). To ensure we are not double-counting Chinese OF, the transaction amount field is left empty. The amount is captured in Project ID#58827.

Number of official sources

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Number of total sources

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