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Chinese Government provides RMB 100 million interest-free loan for Bangabandhu International Convention Centre Construction Project (Linked to Record ID#33940)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Bangladesh |
| Country | Bangladesh |
| Start Date | Apr 02, 2000 |
| End Date | Oct 18, 2032 |
| Duration | 11,887 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 33925 |
Grant Description
Chinese Government provides RMB 100 million interest-free loan for Bangabandhu International Convention Centre Construction Project On April 2, 2000, the Government of Bangladesh and the Chinese Government signed an RMB 100 million interest-free loan agreement for the China-Bangladesh Friendship Conference Center Construction Project.
The total cost of the project was 2 billion taka.
According to the Government of Bangladesh’s Economic Relations Division (ERD), the loan had achieved a 100% disbursement rate (RMB 100 million out of RMB 100 million) and the borrower had made repayments to the lender worth RMB 88,901,000 as of June 30, 2017.
The multi-purpose conference center was designed by the Beijing Institute of Architectural Design and it included a construction area of 19,926 square meters. Construction began in 2000 and was completed in July 2001. The project was formally handed over to the Government of Bangladesh on January 12, 2002.
Then, in 2002, the Chinese Government converted a portion of the loan (RMB 11.099 million) for this project into a grant.
The China-Bangladesh Friendship Conference Center was renamed Bangabandhu International Convention Centre (Bangla translation: বঙ্গবন্ধু আন্তর্জাতিক সম্মেলন কেন্দ্র) in 2009.
Record ID#33925 captures the interest-free loan that supported the project; Record ID#33940 captures the ‘grant’ (debt forgiveness) that supported this project.
Staff Comments
- The Government of Bangladesh's loan identification number for this loan is L1120000402a.
- The Chinese Government pledged to renovate this convention center in July 2016.
- This record has been marked as having evidence of financial distress because it was subject to debt forgiveness captured in record #33940.
Sources & References
- China provides loan to Bangladesh.
- Loan-Agreement.
- Chinese premier promises to narrow trade gap with Bangladesh [Corrected 01/12/02]
- Bangladesh to sign defence pact with China during premier's trip.
- ZHU RETURNS FROM SOUTH ASIA VISIT.
- Bangladesh signs defence agreement with China, assures India of cooperation.
- FBCCI-ADB Dialogue.
- Chronology of Key Events in Sino-Bangladeshi Relations
- Politics of renaming
- Sino - Bangladesh Relations
- COMMITMENT
- DISBURSEMENT AND REPAYMENT OF EXTERNAL (ODA) LOANS (CLOSED)
- 李鹏开始对孟加拉国进行正式友好访问
- 对外投资合作国别（地区）指南——孟加拉国 2017版, বঙ্গবন্ধু আন্তর্জাতিক সম্মেলন কেন্দ্র
- Bangabandhu International Conference Center
- Bangabandhu conference centre to get new look
- Bangabandhu International Conference Center
- BANGABANDHU INTERNATIONAL CONFERENCE CENTER
- Agreements/MoUs between Bangladesh countries of Far East
- COMMITMENT
- DISBURSEMENT AND REPAYMENT OF EXTERNAL (ODA) LOANS (CLOSED)
- COMMITMENT
- DISBURSEMENT AND REPAYMENT OF EXTERNAL (ODA) LOANS (CLOSED) Up to 30 June 2020 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
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Government of Bangladesh
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