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
Project lifecycle
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
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%