China Development Bank provides $1.5 million loan for Jama River Bridge Construction Project

Project narrative

In 2016, China Development issued a $1,579,245.92 loan to the Government of Ecuador for the Jama River Bridge Construction Project. The precise agreement date and borrowing terms of the loan are unknown. The loan did not disburse until September 19, 2018. The total cost of the project was $9,113,816.12. The purpose of the project was to construct the Jama River bridge (puente sobre el río Jama). The bridge is concrete and 70m long, and connects Manabí, Esmeraldas and Pichincha provinces. It is was originally estimated that the bridge would directly benefit 23,000 people. China Gezhouba Group Company Limited was responsible for project implementation. Its work was supervised by Ecuador's Ministry of Transport and Public Works (Ministerio de Transporte y Obras Públicas; MTOP). In September 2016, construction began. On April 17, 2018, the bridge project was officially inaugurated.