Poly Technologies, Inc. provides RMB 258.8 million supplier's credit for Rehabilitation of Roads in Lusaka City Project
Commitment amount
$ 49236616.14580819
Adjusted commitment amount
$ 49236616.15
Constant 2021 USD
Summary
Funding agency [Type]
Poly Technologies [State-owned Company]
Recipient
Zambia
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2011, Poly Technologies, Inc., a Chinese state-owned enterprise, provided an RMB 258,800,000 supplier's credit loan to the Government of Zambia for the Rehabilitation of Roads in Lusaka City Project. This loan carries a maturity of approximately 4 years (final maturity date: August 31, 2015). The interest rate and grace period are unknown. The project involved the rehabilitation of 50 km of roads in Lusaka City and it was completed in October 2015.
Additional details
1. The Chinese project title is 赞比亚市政道路项目 or 赞比亚卢萨卡50公里城市道路建设项目 or 赞比亚卢萨卡约50公里的城市道路工程. 2. This loan is omitted from the database of Chinese loan commitments that SAIS-CARI released in 2020 and re-released in 2021.
Number of official sources
4
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Zambia [Government Agency]
Implementing agencies [Type]
Poly Technologies [State-owned Company]
Loan Details
Maturity
4 years