China Eximbank pledges financial support for Phase 2B of Road from Dordabis Interchange to Hosea Kutako International Airport (Linked to Project ID#60979, #60980)
Pledged amount
$ 74047525.44716664
Adjusted pledged amount
$ 74047525.44716664
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]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Namibia
Sector
Transport and storage (Code: 210)
Flow type
Grant
Infrastructure
Yes
Category
Project lifecycle
Description
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 is expected to last 40-50 months. In 2015, China Exim Bank initially offered a $537 million USD loan (umbrella project #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).
Additional details
It's possible that China committed to this financing during an April 2018 visit to Beijing (see attached Xinhua and The Namibian articles)
Number of official sources
6
Number of total sources
11
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Namibia [Government Agency]