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Overview

China Eximbank pledges financial support for Phase 2B of Road from Dordabis Interchange to Hosea Kutako International Airport (Linked to Record ID#60979, #60980)

Commitments (Constant USD, 2023)$68,370,664
Commitment Year2018Country of ActivityNamibiaDirect Recipient Country of IncorporationNamibiaSectorTransport And StorageFlow TypeGrant

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2018
Start (planned)
Jul 31, 2021
End (planned)
Oct 1, 2025

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Namibia

Loan desecription

China Eximbank pledges financial support for Phase 2B of Road from Dordabis Interchange to Hosea Kutako International Airport (Linked to Record ID#60979, #60980)

Narrative

Full Description

Project narrative

On March 29th, 2018, the China Exim Bank granted 900 million NAD to the Government of Namibia for Phase 2B of a road project between Dordabis Interchange and the Hosea Kutako International Airport (also called the TR 9/1 or Trunk Road 9/1). Phase 2B is a 23.5 kilometer long dual-carriage freeway. According to the Namibian Road Authority Budget plans, the first N$200,000 will be allocated during the 2019/20 year, N$200,000 for 2020/21, N$300,000 2021/22, and the last N$200,000 for 2022/23. According to a September 2019 New Era article, Namibian Roads Authority CEO told reporters that the project was "at an advanced stage in terms of the procurement process to appoint a contractor to proceed with the second phase." A March 2021 New Area article reported that the Roads Authority CEO indicated that procurement of a contractor was still in progress and he expected to obtain a contractor by June/July 2021. Construction was expected to last 40-50 months. On November 24, 2023, an official claimed that the infrastructure project was 58.5% complete and was expected to be completed by the end of 2024. In 2015, China Exim Bank initially offered a $537 million USD loan (umbrella Record ID#60980) for this project but it was later cancelled. In 2017, China provided a separate grant worth 200 million USD and China Railway carried out Phase 1 of this road project (#60979).

Staff comments

It's possible that China committed to this financing during an April 2018 visit to Beijing (see attached Xinhua and The Namibian articles)