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Overview

China Development Bank provides a $38 million USD loan to China Communications Construction Company for the construction of the Qatar Eastern Expressway Project

Commitments (Constant USD, 2023)$39,290,909
Commitment Year•2013Country of Activity•QatarDirect Recipient Country of Incorporation•China (People's Republic of)Sector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 1, 2013
Start (actual)
Jun 21, 2013
End (actual)
Apr 1, 2017

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% Chinese ownership

Funding agencies

State-owned Policy Banks

  • China Development Bank (CDB)

Receiving agencies

State-owned companies

  • China Communications Construction Co., Ltd. (CCCC)

Implementing agencies

State-owned companies

  • China Communications Construction Co., Ltd. (CCCC)

Loan description

China Development Bank loans $38 million to China Communications Construction Company for the construction of the Qatar Eastern Expressway Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In June 2013, the Ningxia Branch of China Development Bank (CDB) issued a $38 million USD loan to China Communication Construction Co., Ltd. (CCCC) for the construction of the Qatar Eastern Expressway project. CCCC signed an engineering, procurement, and construction (EPC) contract with the Public Works Authority of Qatar on June 21, 2013 for the construction of the Qatar Eastern Expressway Project. The contract, set for 960 days, was worth $600 million USD. The purpose of the project was to build a 10.75 kilometer (~6.68 mile) expressway connecting Qatar Industrial Zone to the Doha New International Airport. The project plans included 10-lane highway base, three large interchanges, one cross-line interchange, one railroad bridge, newly-built and relocated underground related facilities and pipelines. The project was completed and opened to traffic in April 2017.

Staff comments

1. The Chinese project title is 卡塔尔东部高速EPC承建项目. 2. The face value of the CDB loan is unknown. However, given that one source refers to the Ningxia Branch of CDB as lending $70 million USD for Phase 1 of the New Doha Port Project and Qatar Eastern Expressway Project and another source identifies the face value of the CDB loan for Phase 1 of the New Doha Port Project as $32 million USD, AidData assumes that the remaining amount ($38 million USD) was lent in support of the Qatar Eastern Expressway Project.