China Eximbank agrees in principle to provides $66 million buyer's credit for Banfora-Sidéradougoi-Gaoua Road Construction Project
Pledged amount
$ 76661428.93863946
Adjusted pledged amount
$ 76661428.93863946
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]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Burkina Faso
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
During the October 14, 2020 Council of Ministers meeting it was announced that the Export-Import Bank of China would finance the construction and asphalting of national road number 11 (RN11) -- Banfora-Sidéradougoi-Gaoua Road in Burkina Faso. The amount of the contract is 80,754,782.79 USD. 85% or USD 68,641,555.37 is financed by the Export-Import Bank of China and the other 15% is financed by the government of Burkina Faso (12,113,217.42). Route 11 had been in construction prior to engaging Chinese companies and financing. The Government of Burkina Faso first began planning to apply for Chinese funding in June of 2020. The project was originally expected to take 24 months, with 3 months for carrying out a study and 21 months for construction. The contractor was China Road and Bridge Corporation (CRBC). An environmental study was carried out by GREGEC Sarl, a local contractor. However, after political turmoil in Burkina Faso in 2022, it was announced on November 19, 2022 that the project was no longer a priority for the Government of Burkina Faso.
Additional details
1. This project is called "11号公路" in Chinese.
Number of official sources
7
Number of total sources
11
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Government of Burkina Faso [Government Agency]
Direct receiving agencies [Type]
Burkina Faso Ministry of Infrastructure [Government Agency]
Implementing agencies [Type]
Burkina Faso Ministry of Infrastructure [Government Agency]
China Road & Bridge Corporation (CRBC) [State-owned Company]
GRECEG Sarl [Private Sector]