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Overview

Bank of China provides EUR 59 million loan for 50 km Tioroniaradougou-Dikodougou Road Rehabilitation Project

Commitments (Constant USD, 2023)$63,817,871
Commitment Year•2023Country of Activity•Cote d'IvoireDirect Recipient Country of Incorporation•Cote d'IvoireSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Mar 30, 2023
End (planned)
Dec 31, 2024
First repayment
Mar 29, 2026
Last repayment
Mar 26, 2038

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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This project provided EUR 59 million loan for 50 km Tioroniaradougou-Dikodougou Road Rehabilitation Project. The project is a 50 km road section between Tioroniaradougou and Dikodougou. More detailed locational information can be found at: https://www.openstreetmap.org/way/269966163.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Government Agencies

  • Government of Côte d'Ivoire (Ivory Coast)

Loan desecription

Bank of China provides EUR 59 million loan for 50 km Tioroniaradougou-Dikodougou Road Rehabilitation Project

Grace period•3 yearsGrant element•25.0899%Interest rate (t₀)•5.312%Interest type•Variable Interest RateLoan tenor•6-month rateMaturity•15 years

Narrative

Full Description

Project narrative

On March 30, 2023, Bank of China and the Government of Cote d'Ivoire signed an EUR 59,021,291.87 ($69,836,838.80 or CFA 38,715,429,551.17) loan agreement for the 50 km Tioroniaradougou-Dikodougou Road Rehabilitation Project. The borrowing terms of the loan include a 15-year maturity, a 3-year grace period, an interest rate of 6-month EURIBOR plus a 2% margin, a 0.75% commitment fee, and a 0.9% upfront (management) fee. According to the Government of Côte d'Ivoire’s Aid Management Platform (AMP), as of April 2024, no loan disbursement had been made. The purpose of the project is to rehabilitate a 50 km road section between Tioroniaradougou and Dikodougou. The AMP provides the following locational coordinates for the project: 9.067584912315734, -5.775032043457031; 9.074704519852816, -5.77056884765625; 9.088604298658483, -5.764732360839844; 9.127249626627163, -5.744476318359375; 9.191310278443735, -5.727653503417969; 9.277045275012362, -5.6957244873046875; 9.306183634615289, -5.6634521484375; 9.338707307233625, -5.641822814941406; 9.354290491827028, -5.637359619140625. The project’s originally scheduled completion date is December 31, 2024.

Staff comments

1. The French project title is Projet de réhabilitation de la route TIORONIARADOUGOU - DIKODOUGOU (50 km). 2. The system identification number for this project in the Government of Côte d'Ivoire’s Aid Management Platform (AMP) is 1120071338126. 3. The loan agreement was initially signed on January 28, 2021. However, it did not disburse between December 2020 and March 2023. The loan agreement was then re-issued on March 30, 2023. For the time being, AidData treats March 30, 2023 as the loan commitment date.