Project ID: 92275

China Eximbank provides CFA 10 billion loan for Electricity Network Distribution Rehabilitation Project

Commitment amount

$ 22392061.27117814

Adjusted commitment amount

$ 22392061.27

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Cote d'Ivoire

Sector

Energy (Code: 230)

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-01-01

Actual complete

2015-12-31

Description

On January 1, 2014, China Eximbank and the Government of Côte d'Ivoire signed a CFA 10 billion loan agreement for the Electricity Network Distribution Rehabilitation Project. The borrowing terms of this loan are unknown. However, according to the Government of Côte d'Ivoire’s Aid Management Platform (AMP), the loan full disbursed in a single tranche on November 1, 2014. The purpose of the project was to improve household access to electricity, facilitate cross-border supply requests, and meet growing demand for electricity connections from users in various industrial fields. According to the AMP, the project was completed on December 31, 2015.

Additional details

1. The French project title is Réhabilitation du réseau électrique de Côte d'Ivoire. 2. The system identification number for this project in the Government of Côte d'Ivoire’s Aid Management Platform (AMP) is 11200713731. The AMP project code is 725970201. 3. This China Eximbank loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. Nor is it included it in the China’s Overseas Development Finance Dataset that Boston University's Global Development Policy Center published in December 2020.

Number of official sources

2

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Côte d'Ivoire (Ivory Coast) [Government Agency]

Loan Details

Bilateral loan

Investment project loan