Project ID: 69246

China Eximbank pledges $39.3 million loan for Phase 2 (Group B) of the Transportation Infrastructure Rehabilitation Project (Linked to Project ID#69248 and #59055)

Pledged amount

$ 44231141.88366026

Adjusted pledged amount

$ 44231141.88366026

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

Ecuador

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

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

2019-01-01

Description

In 2019, the Government of Ecuador and China Eximbank were in discussions about a possible $39,366,798.67 loan for Phase 2 (Group B) of the Transportation Infrastructure Rehabilitation Project. However, as of March 2022, AidData could not identify any evidence that the loan agreement was ever finalized. The purpose of Phase 2 (Group B) is to support the rehabilitation of La Boca-Malecon de Crucita bridge (Puente La Boca-Maelcón de Crucita), Jipijapa interchange (Intercambiador de Jipijapa), and Quimíes bridge (Puente Quimis). China Shandong International Economic and Technical Cooperation Group Ltd. is reportedly the contractor that will be responsible for project implementation.

Additional details

1. This project is also known as Group B of the Transportation Infrastructure Reconstruction Project Phase II. 2. Phase 1 of the Transportation Infrastructure Reconstruction Project is captured via Project ID#59055. Phase 2 (Group A) of the Transportation Infrastructure Rehabilitation Project is captured via Project ID#69248. 3. The Spanish project title is El Proyecto de Reconstrucción de la Infraestructura del Transporte – Fase 2 – Grupo B or El Proyecto de Reconstrucción de la Infraestructura del Transporte – Fase 2 — Grupo B or Reconstrucción y Reactivación Productiva en las provincias de Manabí y Esmeraldas. The Chinese project title is 灾后重建交通基础设施二期B组项目.

Number of official sources

11

Number of total sources

13

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of the Republic of Ecuador [Government Agency]

Implementing agencies [Type]

Ecuador Ministry of Transportation and Public Works [Government Agency]

China Shandong International Economic and Technical Cooperation Corporation (SIETC) [State-owned Company]

Loan Details

Maturity

20 years

Interest rate

2.0%

Grant element (OECD Grant-Equiv)

26.9878%

Bilateral loan

Investment project loan