China Eximbank provides loan to Anhui Construction Engineering Group for University Housing Construction Project
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Algeria
Sector
Other social infrastructure and services (Code: 160)
Flow type
Loan
Level of public liability
Unallocable
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2015, the Anhui Branch of the Export-Import Bank of China issued a loan to Anhui Construction Engineering Group — a Chinese state-owned enterprise — to facilitate its construction of housing units in an Algerian university town. Upon completion, it was expected that the housing conditions of local college students would be improved. As of January 2018, the project has been completed.
Additional details
1. The Chinese project title is 阿尔及利亚的大学城住房项目. 2. This project likely refers to the Taibaisa University City Project (阿尔及利亚泰白萨大学城项目) or the Constantine University City Project (since Anhui Construction Engineering Group signed EPC contracts for these projects around the time that China Eximbank issued its 2015 loan).
Number of official sources
7
Number of total sources
9
Details
Cofinanced
No
Direct receiving agencies [Type]
Anhui Construction Engineering Group [State-owned Company]
Implementing agencies [Type]
Anhui Construction Engineering Group [State-owned Company]
Government of Algeria [Government Agency]