Narrative
Full Description
Project narrative
On June 24, 2010, China's Ministry of Commerce (MOFCOM) and the Government of Uruguay signed an Economic and Technical Cooperation Agreement (ETCA) in which the Chinese Government committed an RMB 10 million interest-free loan to the Government of Uruguay for unspecified purposes. All borrowings under the June 2010 ECTA carry the following borrowing terms: a 20-year maturity, a 10-year grace period, and a 0% interest rate. Then, on November 29, 2017, the Chinese Government and the Government of Uruguay signed an agreement that allocated the committed funding from this ETCA and an ETCA signed in June 2011 (as captured via Record ID#41189 and #41190) for the construction of an educational center in Barrio Borro, Casavalle in Montevideo. In total, MOFCOM provided the USD-equivalent of RMB 14,570,000 (~$2 million USD) for the construction of the educational center. That aggregate financial commitment is captured via Record ID#54986. China Railway 17th Bureau Group, Co., Ltd. and Tianli (Beijing) Project Management & Consulting Co., Ltd. were the contractors responsible for project implementation. Uruguay's National Administration for Public Education (Administración Nacional de Educación Pública, ANEP) was the Uruguayan government agency responsible for the organization, coordination and administration of implementation. Construction was launched on November 1, 2018, with a construction period of one year. The new school had a capacity of 300 students, 12 educational spaces (nine classrooms and three workshops), offices for teachers and administration, a cafeteria for 300 people and that also served as a multifunctional room, reading rooms, sports field, toilets, and warehouses in a space of more than 1,700 m2. Construction also included paths and public accesses and reforestation outside. This educational center was planned be added to the School No. 319 (Escuela Nº 319) that operates in the neighborhood, which has an enrollment of seven hundred students. It was to be named the "People's Republic of China" School upon its completion.
Staff comments
1. MOFCOM provided the USD-equivalent of RMB 14,570,000. However, the breakdown of the financing between the August 2010 ETCA (captured via Record ID#68916) and the June 2011 ETCA (captured via Record ID#41189 and/or #41190). Record ID#54986 captures the aggregate financial commitment. 2. For the June 2011 financing specifically, two ETCAs were signed; an interest-free loan of $1.6 million USD (as captured via RecordID#41190) and a grant of $4.6 million USD (as captured via Record ID#41189). It is unclear which ETCA was used to finance the construction of the educational center and how much financing was used. For the time being, AidData has linked both records to Record ID#68916. 3. The June 24, 2010 ECTA can be accessed in its entirety via https://docs.aiddata.org/ad4/pdfs/how_china_lends/URU_2010_457.pdf AND https://www.dropbox.com/scl/fi/pjpf3mgpl3ow1i6xo2320/214287.pdf?rlkey=011hpp6jq9m8ustef5jghuxos&st=6vuyuvom&dl=0