Chinese Government provides RMB 100 million interest-free loan via ETCA for Phase 1 of Berg Aukas Youth Skills Training Center Construction Project (Linked to Projects #31058, #53073, #68444)
Commitment amount
$ 29431373.39358132
Adjusted commitment amount
$ 29431373.39
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Namibia
Sector
Education (Code: 110)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2009, the Chinese Government provided an RMB 100 million interest-free loan to the Government of Namibia for Phase 1 of the Berg Aukas Youth Skills Training Center Construction Project. This project is also known as Phase 1 of the National Youth Training Center Project. The funds for this project were drawn from an Economic and Technical Cooperation Agreement (ETCA) signed by the two governments in December 2003 (see Umbrella Project #68444). Phase 1 of this project involved the construction of the Berg Aukas Youth Skills Training Center in the town of Rietfontein (Reinfontein) within the Otjozondjupa Region. More specifically, it involved the construction of five workshops, an administration block with a resource center, a kitchen and dining hall, sleeping quarters for 800 trainees, 16 classrooms, 16 staff houses and netball and basketball courts. The Chinese state-owned Panhua (泛华) Construction Group was responsible for implementation of the project. A project feasibility study was undertaken in February 2009. Then, a project design contract was signed on September 8, 2009. A formal groundbreaking ceremony took place on October 26, 2011. Construction for Phase 1 of the project ended in 2015. Phase 2 involved the construction of a workshop, a health clinic, accommodation facilities for 800 trainees, fencing off of infrastructure and a FIFA standard sport stadium with a pavilion. Phase 2 was funded through an RMB 84.89 million grant. These grant funds were drawn (in part) from an Economic and Technical Cooperation Agreement (ETCA) signed by the two governments on November 18, 2013. Phase 2 began in May 2015 and it was officially completed and handed over to the Namibian authorities on September 13, 2019. The state-of-the-art National Youth Training Center now includes academic buildings, laboratories, workshops, a multi-functional hall, dormitories for teachers and students, canteens, clinics, and sports grounds. The linked project #31058 captures the RMB 84.89 million grant that support this project, and the linked project #53073 captures an additional RMB 7.3 million grant for the provision of furniture and teaching equipment for the Youth Center.
Additional details
Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20 years by default and grace period to 10 years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.
Number of official sources
8
Number of total sources
14
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Namibia [Government Agency]
Implementing agencies [Type]
PAN-CHINA CONSTRUCTION GROUP CO.,LTD. [State-owned Company]
Loan Details
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element (OECD Grant-Equiv)
62.9902%