Overview

China Development Bank pledges to finance construction of cotton processing plant

Commitments (Constant USD, 2023)$21,676,357

Commitment Year•2012Country of Activity•MozambiqueDirect Recipient Country of Incorporation•MozambiqueSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2012

Start (planned): Jan 1, 2012

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

China Development Bank (CDB)

Receiving agencies

Government Agencies

Government of Mozambique

Implementing agencies

Joint Venture/Special Purpose Vehicles

Africa Great Wall Cement Manufacturer Company, Ltd. (非洲长城水泥制造有限)

Loan desecription

China Development Bank pledges to finance construction of cotton processing plant

Interest type•Unknown

Narrative

Full Description

Project narrative

On June 18, 2010 the President of China Development Bank pledged a $20 million loan for the construction of a cotton processing plant in Magude. It is unknown if this pledge ever resulted in an official commitment.