Bank of China provides CFA 48.3 billion loan for Phase 2 of Video Surveillance Platform Project (Linked to Project ID#53273, ID#92205, and ID#92206)

According to the Government of Côte d'Ivoire’s Aid Management Platform (AMP), Bank of China and the Government of Côte d'Ivoire signed two loan agreements on May 22, 2019 for Phase 2 of the Video Surveillance Platform Project: a CFA 48,316,189,461.09 loan agreement (captured via Project ID#92204) and a CFA 7,948,624,543.20 loan agreement (captured via Project ID#92205). The borrower was expected to use the proceeds of the CFA 48,316,189,461.09 loan to finance 85% of the cost of the total project (commercial contract) cost. It was expected to use the proceeds of the CFA 7,948,624,543.20 loan to finance 15% of the cost of the total project (commercial contract) cost. By June 2021, the CFA 48,316,189,461.09 loan had achieved a 99.5% disbursement rate. 5 disbursements (worth CFA 48,116,958,480) took place in 2020 and 2021: a CFA 4,684,692,375 disbursement on January 31, 2020, a CFA 9,737,902,952 disbursement on April 30, 2020, a CFA 9,737,902,952 disbursement on April 30, 2020, a CFA 12,503,600,040 disbursement on June 30, 2020, a CFA 4,344,698,346 disbursement on September 30, 2020, and a CFA 6,846,064,775 disbursement on June 30, 2021. By December 2020, the CFA 7,948,624,543.20 loan had achieved a 100% disbursement rate. It was disbursed in a single CFA 7,948,624,543.20 tranche on December 31, 2020. Phase 2 involved the laying of fiber optic cable and the installation of video surveillance cameras in the city of the Abidjan, the city of Yamoussoukro, the city of Bouaké within Gbêkê Region, the city of Odienné within Kabadougou Region, the city of Korhogo within Poro Region, and the city of San Pedro within San Pedro Region. It also sought to connect these cameras to a traffic monitoring system using license plate readers and variable message signs for the detection of red light violations. The ultimate objectives of the project were to reduce crime, establish an infrastructure monitoring system, and establish a road traffic regulation and control system. Huawei Technologies Co., Ltd. was the contractor responsible for implementation. According to the AMP, Phase 2 commenced on May 22, 2019 and reached completion on December 31, 2021.

Additional details

1. This project is also known as Phase 2 of the Abidjan Safe City Project. The French project title is Extension du projet de mise en oeuvre de la plateforme unifiée et ouverte de la vidéo protection or Projet de vidéoprotection Phase II. 2. The AMP system identification number for the CFA 7,948,624,543.2 Bank of China loan is 11200716832415. The AMP system identification number for the CFA 48,316,189,461.09 Bank of China loan is 11200716832417. 3. This Bank of China loan is not included in the Chinese Loans to Africa (CLA) database that is managed by the Global Development Policy Center at Boston University and SAIS-CARI. 4. Bank of China also provided a loan for the project’s third phase (as captured via Project ID#92206). China Eximbank financed the project’s first phase (as captured via Project ID#53273).

Number of official sources

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Number of total sources

4