Project ID: 819

China Eximbank provides RMB 196 million government concessional loan for Rural Telecommunication Development Project

Commitment amount

$ 43353818.8

Constant 2017 USD

Summary

Funding agency [Type]

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

Recipient

Kenya

Sector

Energy (Code: 230)

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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2006

Description

On January 23, 2006, China Eximbank provided a government concessional loan (GCL) agreement ['CHINA EXIMBANK No GCL 2006(03)(145) - 2006008' in Kenya's 2012 External Debt Report] worth RMB 196,000,000 to support the Rural Telecommunication Development Project (or Rural Telecommunication Project or 农村电信网开发项目). The terms of the loan are as follows: 2% interest rate, 6 year grace period. 20 year maturity. The loan was scheduled for repayment between 23.09.2012 to 23.03.2025. This project sought to provide wireless communication to all district and divisional government offices, including the procurement of 107 base transceiver stations. It also sought to provide each country's district headquarters with a minimum of 2,000 electricity transmission lines. Huawei Technologies is the contractor. The project involved the use of equipment from Chinese companies.

Number of official sources

3

Number of unofficial sources

6

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Kenya [Government Agency]

Implementing agencies [Type]

Huawei Technologies Co., Ltd. [Other]

Loan type

Concessional

Maturity

20 years

Interest rate

2.0%

Grace period

6 years

Grant element

54.60537566%

Gurarantee provided

No

Insurance provided

No