Project ID: 60977

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

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2018-01-01

Planned start

2021-07-31

Planned complete

2025-10-01

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

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Namibia [Government Agency]