Chinese Government provides $10 million interest-free loan for TAZARA Operations and Maintenance Project (Linked to Project ID#73169)

In 1967, the Chinese Government provided an RMB 494 million interest-free loan to the Government of Zambia for the construction of the 1860 km Tanzania–Zambia Railway (TAZARA), stretching from Dar‑es‑Salaam to Kapiri Mposhi. Since then, the Chinese Government has provided a series of grants and loans to support TAZARA by providing spare parts, fuel, technical assistance, passenger coaches, and locomotives. On June 22, 2006, the Chinese Government provided a $10 million interest-free loan to support the ongoing operations and maintenance of TAZARA.

Additional details

1. Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity to 20 years by default and grace period to 10 years by default, per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace. 2. This project is part of the 2006 TAZARA Protocol. Project ID#73169 is also part of the 2006 TAZARA Protocol.

Number of official sources

0

Number of total sources

2