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China Loans $67 Million USD for Puerto Seco Project and others in Oruro region
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Bolivia |
| Country | Bolivia |
| Start Date | Mar 31, 2010 |
| End Date | Apr 15, 2031 |
| Duration | 7,685 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 35960 |
Grant Description
China Loans $67 Million USD for Puerto Seco Project and others in Oruro region On March 31, 2010, the Oruro department government announced that the Chinese government would provide Bolivia with a $67.75 million loan to build infrastructure in the mineral-rich department of Oruro. According to a MOFCOM report, the loan is concessional.
For the Dry Port Project (Puerto Seco) of Oruro, a total of $45 million dollars will be used to construct the port and build infrastructure, including transportation services as well as facilities for gathering, distributing, exporting and importing goods, Oruro's Mayor Alberto Aguilar said.
Another 6 million dollars will be used to equip a local hospital, and the rest of the credit will be used to drill water wells, repair roads and build other projects.
This project may have never come to fruition, as there is no evidence a loan contract was signed or debt obligations were taken on by the Bolivian Government or the Oruro Municipal Government (see comments).
Staff Comments
Project not recorded as umbrella to capture the full financing to sub-projects.Transaction amount taken from 'The New Banks in Town' page 30, which references the title of a now-inaccessible Oruro government source. The higher transaction amount listed there has been used (as opposed to 67 million USD only), additionally, insofar as other articles reference 'more than' 67 million USD. This project may have never come to fruition; the oldest available external public debt registry (2015) does not make reference to a loan that this project could be. However, project status pledge, not cancelled or suspended, due to lack of evidence of loan contract.Alternatively, it may be a duplicate of 39435; this loan was announced around the time the loan in 39435 was signed, though the transaction amounts are not around the same amount.
Sources & References
- China gives loan to Bolivia for regional development
- Home » Diplomacy » Bolivia and China sign accord for almost 10 million dollars Bolivia and China sign accord for almost 10 million dollars
- The New Banks in Town: Chinese Finance in Latin America
- 中國與波利維亞簽署協議發射通信衛星
- El Puerto Seco de Oruro será una sociedad mixta
- Oruro rechaza puerto seco en territorio paceño
- China gives loan to Bolivia for regional development
- Bolivia
- China team up on communications satellite
- Informe de la Deuda Externa Publica al 31 de diciembre de 2015
- China Gives Loan to Bolivia for Regional Development
- Otorgará China crédito a Bolivia para desarrollo regional
- Bolivia’s Energy and Mineral Resources Trade and Investmentswith China: Potential Socioeconomic and Environmental Effects of Lithium Extraction 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 Bolivia
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