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Overview

China Eximbank provides $55.3 million loan for Mpila Social Housing Project

Commitments (Constant USD, 2023)$57,257,153
Commitment Year•2013Country of Activity•CongoDirect Recipient Country of Incorporation•CongoSector•Other Social Infrastructure And ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2013
Last repayment (originally scheduled)
Dec 29, 2025

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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This project involved the construction of housing units in the Mpila neighborhood within the capital city of Brazzaville. More detailed locational information is available at https://www.openstreetmap.org/node/3295662335.

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 Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Republic of Congo

Loan description

China Eximbank provides $55.3 million loan for Mpila Social Housing Project

Interest type•UnknownMaturity•13 years

Narrative

Full Description

Project narrative

In 2013, China Eximbank and the Government of the Republic of Congo signed a $55,375,960 loan agreement for the Mpila Social Housing Project. This loan carried a 13-year maturity, but its grace period and interest rate are unknown. Its (principal) amount outstanding was $32.310,970 as of December 31, 2019. The implementation status of this project is unknown. The project involved the construction of housing units in the Mpila neighborhood within the capital city of Brazzaville.

Staff comments

1. The French project title is Logements sociaux de Mpila-Général. 2. The China Eximbank loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. Nor is it included in the Chinese Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020. However, it is recorded by the Republic of Congo’s Public Debt Agency (Caisse Congolaise d’Amortissement or CCA) and Délégation Générale des Grands Travaux (DGGT). 3. The loan commitment year is unknown, but after a munition’s explosion in the Mpila neighborhood within the capital city of Brazzaville on March 4, 2012, China Eximbank approved a series of loans for housing development projects in Mpila in 2013 and 2014. Therefore, AidData assumes for the time being that the loan commitment for this housing development project took place in 2013. This loan commitment should not be confused with the other China Eximbank loan commitments that supported housing development projects in Mpila (see Record ID#68909, ID#31029, and ID#69010).