Project ID: 706

China pledges to co-finance the Mahatma Gandhi Information Technology & Biotech Park (MGIT-BP) Construction Project

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]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Cote d'Ivoire

Sector

Industry, mining, construction (Code: 320)

Flow type

Vague TBD

Concessional

Vague

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Estimated.

2007

Completion

2019

2019-06-27

Actual

Description

In March 2007, Cote d'Ivoire's president laid the foundation stone for the Mahatma Gandhi Information Technology & Biotech Park, also called the Cote d'Ivoire Technology Park, located in Grand-Bassam 40 km southeast of Abidjan. At the time, the Chinese and Indian governments reportedly financed two-thirds of the overall $402 million USD project cost. The financial breakdown is unknown. It is unclear whether China ever signed a final financing agreement. After 2007, there is very little reporting on Chinese financing for this project. When the park was inaugurated on 27 June 2019, only the Government of India is mentioned as a source of funding and only Indian firms carried out implementation. Therefore, AidData assumes that the Chinese government decided not to participate in the project sometime after 2007. The purpose of this 600-hectare free trade zone was to promote biotechnology and information technology (IT). It was supposed to generate 20,000 jobs in Cote d'Ivoire.

Number of official sources

2

Number of unofficial sources

2

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Details

Cofinanced

Yes

Cofinancing agencies [Type]

Government of India (GoI) [Government Agency]

Receiving agencies [Type]

Government of Côte d'Ivoire (Ivory Coast) [Government Agency]