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Overview

Poly Technologies, Inc. provides RMB 258.8 million supplier's credit for Rehabilitation of Roads in Lusaka City Project

Commitments (Constant USD, 2023)$45,498,151
Commitment Year•2011Country of Activity•ZambiaDirect Recipient Country of Incorporation•ZambiaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2011
End (actual)
Oct 1, 2015
Last repayment (originally scheduled)
Dec 31, 2014

Geospatial footprint

Map overview

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The purpose of the project is to provide RMB 258.8 million supplier's credit for the Rehabilitation of Roads in Lusaka City Project. More detailed location information can be found at: https://www.openstreetmap.org/node/27564994

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned companies

  • Poly Technologies

Receiving agencies

Government Agencies

  • Government of Zambia

Implementing agencies

State-owned companies

  • Poly Technologies

Loan desecription

Poly Technologies, Inc. provides RMB 258.8 million supplier's credit for Rehabilitation of Roads in Lusaka City Project

Interest type•UnknownMaturity•4 years

Narrative

Full Description

Project narrative

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.

Staff comments

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.