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Overview

Chinese Government provides RMB 40 million interest-free loan for Bamako International Conference Center Renovation Project (Linked to Record ID#58690, ID#58682)

Commitments (Constant USD, 2023)$6,565,602
Commitment Year•2016Country of Activity•MaliDirect Recipient Country of Incorporation•MaliSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 16, 2016
Start (actual)
Feb 28, 2017
End (actual)
Jan 26, 2019
First repayment (originally scheduled)
Dec 29, 2025
Last repayment (originally scheduled)
Dec 27, 2035

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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This project supported the renovation of a conference center called Centre International De Conferences De Bamako (CICB) in the city of Bamako. More detailed locational information can be found at https://www.openstreetmap.org/way/91085507.

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

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Mali

Implementing agencies

Government Agencies

  • Government of Mali

State-owned companies

  • China Railway Engineering Design Consulting Group Co., Ltd (CEC)
  • China State Construction Engineering Corporation (CSCEC)

Loan desecription

Chinese Government provides RMB 40 million interest-free loan for Bamako International Conference Center Renovation Project

Grace period•10 yearsGrant element•75.0516%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On August 16, 2016, the Deputy Director of the Bureau of International Economic Cooperation from China’s Ministry of Commerce, Zeng Huacheng, and visiting Malian Ministry of Culture consultant Mr. Bouraima Fofana signed an implementation agreement for the Bamako International Conference Center Renovation Project. The total cost of the project was RMB 170 million (17 billion CFA francs). Approximately RMB 130 million (13 billion francs) was financed through a grant from China’s Ministry of Commerce and approximately RMB 40 million (4 billion CFA francs) was financed through an interest-free loan from the China’s Ministry of Commerce. The grant funding was drawn from an economic and technical cooperation agreement (ETCA) that the two government signed on February 24 and December 22, 2014. Record ID#58682 captures the grant commitment for this project and Record ID#73239 captures the interest-free loan for this project. The Bamako International Conference Center has a total construction area of approximately 11,800 square meters, and the renovation project focused on repairing the conference building, administrative office building, power distribution room, outdoor pipelines and road squares, and upgrading the air conditioning system, conference system, and security system. China Railway Engineering Design Consulting Group Co., Ltd. was responsible for project design and management. China State Construction Engineering Corporation was the contractor responsible for project implementation. On February 20, 2017, the Ministry of Culture made the CICB buildings available to the China Economic and Social Council (CESC) so that work could begin on February 28, 2017 and continue for an estimated 24 months. The CICB officially reopened on January 26, 2019. The construction of the CICB was financed by the Chinese Government. The Chinese Government subsequently provided funding for its maintenance in in 2005 and 2007 (captured in Record ID#58690 and ID#58686).

Staff comments

The Chinese project title is 马里巴马科国际会议中心维修项目. Since loan terms for the interest-free loan are unavailable, AidData has set maturity period 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 period 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.