Completed Development AidData Chinese Aid

Chinese Government provides RMB 50 million interest-free loan for Swimming Pool Construction Project

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Morocco
Country	Morocco
Start Date	Jan 01, 2000
End Date	Feb 11, 2028
Duration	10,268 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`56167`

Grant Description

Chinese Government provides RMB 50 million interest-free loan for Swimming Pool Construction Project In June 2000, the Chinese Government and the Government of Morocco signed an RMB 50 million interest-free loan agreement for a Swimming Pool Construction Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

It is known that China’s Ministry of Commerce (MOFCOM) was the source of funding.

The purpose of the project was to construct three indoor swimming pool in the cities of Kenitra (Kénitra), Fes (Fez), and Marrakech. The indoor swimming pool in Fez is located in the Al Adarissa district, adjacent to the Al Adarissa mosque.

China National Complete Plant Import & Export Corp., Ltd. (COMPLANT) was responsible for the design and construction of the three pools. According to MOFCOM, project implementation commenced on June 30, 2002 and ended on January 31, 2005. A project handover certificate was issued on April 22, 2005.

The Kenitra (Kénitra) Swimming Pool was completed on March 30, 2004, handed over to the Moroccan authorities on May 6, 2004, and opened and put into use on July 28, 2004.

The Fez Swimming Pool was completed in September 2004, handed over to the Moroccan authorities on September 28, 2004, and opened and put into use on December 15, 2004. The Marrakech Swimming Pool was completely handed over to the Moroccan authorities on February 1, 2005. Each pool has six lanes and is 25 meters in length and 15 meters in width.

The indoor pool facilities in Fez are equipped with changing rooms, shower rooms, grandstands, offices, depot, café, infirmary, gymnasium, restrooms, and terraces.

📋 Staff Comments

The Chinese project title is 三个游泳馆 or 3个奥林匹克标准室内游泳 or 于肯尼拉、非斯和马拉喀什的3个游泳馆项目 or 援摩洛哥三个游泳馆项目. The French project title is trois piscines couvertes de normes olympiques.
This RMB 50 million interest-free loan is not included in the database of Chinese loan commitments that SAIS-CARI published in July 2020.
Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity to 20-years by default and grace period to 10-years by default, per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

Chine-Fès: Une piscine couverte pour la ville
Chinese build covered swimming pool in Fez
驻摩洛哥大使许镜湖在非斯市本·阿卜杜拉大学的演讲（全文）
Kénitra_ Des chinois sur un projet de piscine _ L'Economiste
Le Matin - Grâce à un prêt chinois _ Kénitra se dote d'une piscine couverte
China Data
Codebook for Assembling Data on China’ s Development Finance Version 1.0
我援摩洛哥菲斯游泳馆开馆
中国、摩洛哥两国政府办理摩洛哥三个游泳馆项目技术合作换文, https://ofdi.net/hydt/2552.jhtml
Interview accordée par S.E.M. GONG Yuanxing
Ambassadeur de Chine au Maroc, au journal LE MATIN, https://en.calameo.com/read/00506818670c78aba19b2
Le Matin - Une coopération modèle entretenue dans le respect des orientations politiques de l'autre
摩洛哥与中国的经济关系（1999―――2003年)
Chronologie des accords de coopération signés entre le Maroc et la Chine, http://finance.sina.com.cn/roll/20050427/005836822.shtml 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.

All Grantees

Government of Morocco

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