Project ID: 87066

China Machinery and Engineering Co (CMEC) funds US$280m water and wastewater projects in Zimbabwe (Linked to Project ID#87060, 87065)

Pledged amount

$ 314598091.433399

Adjusted pledged amount

$ 314598091.433399

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

China Machinery Engineering Corporation (CMEC) [State-owned Company]

Recipient

Zimbabwe

Sector

Water supply and sanitation (Code: 140)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2019-10-07

Description

On October 7, 2019, Harare City Council approved the signing of US$868 million deals for water and wastewater projects with four Chinese firms, with the Government reportedly going to assist the council in repaying the loans, while the former will cede land as collateral security. The four companies - China Gezhouba Group Co or CGGC, China Geo-Engineering Co (CGEC), Sino-Hydro, and China Machinery and Engineering Co or CMEC - will carry out the works through a loan facility guaranteed by the government of Zimbabwe. Under the deal, SinoHydro will fund and construct the Lyndhurst sewage treatment plant and expand the Crowborough sewage at a cost of US$237 million (see Project ID#87060). CGGC on the other hand will fund water distribution network rehabilitation in 11 high-density suburbs for US$351 million (see Project ID#87065). For the cost of US$280 million, CMEC will install pumps at Morton Jaffray and Warren Control, construct new water pumping mains to Alexandra Park reservoirs, Hatcliffe reservoirs, Highlands reservoirs New City, Southern Incorporated areas, and expansion of Adylinn pumping mains while CMEC will implement water and wastewater projects for the Harare Metropolitan Master Plan for Reliable Water Supply Services. The fourth company, CGEC, which will soon sign an agreement with Harare, will upgrade and rehabilitate water distribution networks in the city for US$176.7 million.

Additional details

Number of official sources

0

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Zimbabwe [Government Agency]

Loan Details

Bilateral loan

Investment project loan