China Eximbank provides RMB 150 million loan for Sino-Malian Cement Plant Construction Project
Commitment amount
$ 40362448.18
Constant 2017 USD
Summary
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Recipient
Mali
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Concessional
Yes
Category
Project lifecycle
Description
In March 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 230,000 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.
Additional details
- 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.
Number of official sources
3
Number of unofficial sources
3
Details
Cofinanced
No
Receiving agencies [Type]
Government of Mali [Government Agency]
Implementing agencies [Type]
China Overseas Engineering Group Co., Ltd. [State-owned Company]; Government of Mali [Government Agency]
Loan type
Concessional
Gurarantee provided
No
Insurance provided
No