ICBC provides loan for Phase 1 of Libreville and Peripheral Roads Rehabilitation Project (Linked to Project ID#60360)
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Gabon
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2017, the Government of Gabon signed two loan agreements with the Industrial and Commercial Bank of China (ICBC): one for the Phase 1 and one for Phase 2 of the Libreville and Peripheral Roads Rehabilitation Project. The face values and borrowing terms of these loans are unknown. Project ID#60358 captures the ICBC loan for Phase 1. Project ID#60360 captures the ICBC loan for Phase 2. The proceeds of the two loans were to be used by the borrower to rehabilitate roads in and around Libreville. The contractor responsible for implementation is unknown. It is also not known if this project entered implementation.
Additional details
1. The French project title is Phase I Réhabilitation des routes périphériques. 2. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.
Number of official sources
5
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Gabon [Government Agency]