Project ID: 777

China Eximbank provides RMB 443.7 million government concessional loan for Bingu National Stadium Project (Linked to Project #57896)

Commitment amount

$ 70130729.33

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Malawi

Sector

Other social infrastructure and services (Code: 160)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2013

Completion

2017

2017-01-28

Actual

Geography

Description

In 2009, China Eximbank pledged to provide a loan to Malawi towards construction of a modern national stadium, the Bingu National Stadium. This stadium is located in Area 48 in Lilongwe. Its locational coordinates are 13.9438119°S 33.7530957°E. On January 30, 2013, China Eximbank and the Government of Malawi signed a government concessional loan (GCL) agreement [CHINA EXIMBANK GCL NO. (2013) 16 TOTAL NO. (461)A] worth RMB 443,788,000 for the Malawi National Stadium Project. The loan agreement was then amended on May 17, 2013. The terms of the loan are as follows: 20 year maturity, 7 year grace period, an interest rate of 2%, and a 0.50% management fee. The project started on July 1, 2013 and was it completed on November 30, 2015, lasting 29 months. Beijing Institute of Architectural Design designed the stadium with input from Malawian experts, while construction was done by Chinese contractor Anhui Foreign Economic Construction Group. To cheapen the project, any non-obligatory equipment, like electronic ticketing system, was scrapped and up to 900 workers were Chinese (total workforce of app. 2,000). The stadium began operations in January 28, 2017 after difficulty connecting to water and electricity lines. The national stadium has a seating capacity of 40,000 people, a standard natural grass football area, and 10 synthetic tracks. It has two major areas, the larger being the reinforced-concrete stands, surrounded by a vast, circular promenade. The seating bowl has two tiers along the west and east sides, divided by single strips of private boxes, 60 in total (2 presidential, 2 diplomatic and 56 other).The second part is its vast roof, which has a height of 56 meters. Beneath the roof there's room for all FIFA-required facilities as well as offices, a medical center, police station, and two tanks holding up to 20,000 liters of rainfall water. Spaces include two VVIP and two VIP lounges; four dressing rooms; two referee rooms; five event management rooms, and three management rooms. There are also eight shopping spaces, two lifts for VVIPs, 800 toilets, and a 400-car parking space among other facilities. Planning for the national stadium was tied up in debates of where to locate the stadium, as there was a move to change its location from Lilongwe to Blantyre to redistribute aid projects away from the capital. However, Lilongwe was ultimately selected as the site of the stadium after the election of President Joyce Banda.

Additional details

SAIS-CARI identifies the loan commitment year as 2012. AidData identifies the loan commitment year as 2013 based on the loan agreement itself, which was signed on January 30, 2013 and amended on May 17, 2013. The national stadium project was agreed upon following the signing of a pact between the two countries towards construction of the Kwacha Presidential Hotel, International Conference Centre and Presidential Villas (see Project ID#776). Also, in 2015, the Chinese government granted $1 million for technical services for the stadium (see Project ID#57896).Upon completion of the stadium, the Ministry of Sports and Culture brought in two landscape contractors to plant the immediate area surrounding the stadium .

Number of official sources

13

Number of unofficial sources

15

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Malawi [Government Agency]

Implementing agencies [Type]

Anhui Foreign Economic Construction Group Co., Ltd. (AFECC) [Private Sector]; Beijing Institute of Architectural Design (Group) Co., Ltd. (BIAD) [State-owned Company]

Loan type

Concessional

Maturity

20 years

Interest rate

2.0%

Grace period

7 years

Management fee

0.5

Grant element

56.00770973%

Gurarantee provided

No

Insurance provided

No