Overview

China Eximbank provides $8 million loan for Mpila Housing Construction (48 Units and Water Purification System) Project

Commitments (Constant USD, 2023)$8,369,587

Commitment Year•2015Country of Activity•CongoDirect Recipient Country of Incorporation•CongoSector•Other Social Infrastructure And ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2015

Start (actual): Jul 8, 2015

First repayment (originally scheduled): Dec 31, 2019

Last repayment (originally scheduled): Dec 27, 2034

Geospatial footprint

Map overview

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This project involved the construction of 48 housing units and a water purification system in the Mpila neighborhood within the capital city of Brazzaville. More detailed locational information is available at https://www.openstreetmap.org/node/3295662335

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Republic of Congo

Implementing agencies

State-owned companies

Sinohydro Corporation Limited

Loan desecription

China Eximbank provides $8 million loan for Mpila Housing Construction (48 Units and Water Purification System) Project

Grace period•5 yearsInterest type•UnknownMaturity•20 years

Narrative

Full Description

Project narrative

On November 14, 2014, China Eximbank and the Government of the Republic of Congo signed an $8 million loan agreement for the Mpila Housing Construction (48 Units and Water Purification System) Project. This loan reportedly carried a 20-year maturity and 5-year grace period. The proceeds of the loan were to be used by the borrower to finance 80% of the cost of a commercial contract with Sinohydro. Sinohydro was the contractor responsible for project implementation. This project commenced on July 8, 2015. This project involved the construction of 48 housing units and a water purification system in the Mpila neighborhood within the capital city of Brazzaville.

Staff comments

The Chinese project title is 姆皮拉住房项目. The French project title is Travaux de Reconstruction des Logements du Quartier Mpila or Logements temoins de Mpila.