Overview

China Eximbank provides RMB 150 million loan for Sino-Malian Cement Plant Construction Project

Commitments (Constant USD, 2023)$42,950,747

Commitment Year•2000Country of Activity•MaliDirect Recipient Country of Incorporation•MaliSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 21, 2000

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% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Mali

Implementing agencies

Government Agencies

Government of Mali

State-owned companies

China Overseas Engineering Group Co., Ltd. (COVEC)

Loan desecription

China Eximbank provides RMB 150 million loan for Sino-Malian Cement Plant Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

On March 21, 2000, China Eximbank and the Government of Mali reportedly signed an RMB 150 million concessional loan agreement for the Sino-Malian Cement Plant Construction Project. This project involved the construction of a cement plant with an annual production capacity of 230,600 tons. China Overseas Engineering Corp. (COVEC) was the contractor responsible for implementation. However, AidData has not yet identified any evidence that this project was ever implemented.

Staff comments

1. The Chinese project title is 的马里水泥厂项目 or 款马里水泥厂项目 or 兴建一个年产23.06万吨的水泥厂项目. 2. One source (https://www.on-mali.org/joomlaa/__GED/pdf/audit_de_la_dette.pdf) reports that the loan agreement was finalized on October 13, 1999.