China Eximbank provides RMB 500 million loan for Third N'Sukala Sugar Refinery Construction Project (Linked to Project ID#72350)

On November 26, 2008, the Export-Import Bank of China (China Eximbank) and the Government of Mali signed an RMB 500 million concessional loan agreement for the Third N'Sukala Sugar Refinery Construction Project. Mali’s Parliament ratified this loan agreement on March 06, 2009. This project involved the construction of a sugar plant by N’Sukala SA, a joint-venture set up in 1996 between the Malian Government and the state-owned China Light Industrial Corporation for Foreign Economic and Technical Cooperation (CLETC). The Malian Government holds a 40% equity stake and CLETC holds a 60% equity stake in the joint venture. CLETC was granted a 50-year renewable lease on 20,000 ha of land for irrigated sugar production. Upon completion of this project, the newly-construction sugar refinery was expected to have an annual production capacity of 103,680 tons of sugar and 9,600,000 liters of alcohol. A groundbreaking ceremony took place on July 31, 2009, and the refinery was officially inaugurated on November 14, 2012.

Additional details

1. The Chinese project title is 署了新糖联项目 or 过新糖联项目 or 马里新糖联项目. 2. The French project title is la 3ème Sucrerie de N-Sukala or Complexe Sucrier Du Kala Superieur SA or N’Sukala SA Project. 3. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it identifies the face value of the China Eximbank loan that supported this project as $29 million. AidData relies on the face value (RMB 500 million or approximately $71 million) of the loan that was presented to Mali’s Parliament before it ratified the loan on March 06, 2009.

Number of official sources

29

Number of total sources

40