Project ID: 165

China Eximbank loans $200 million USD to Sudan Telecom for purchase of ZTE equipment

Commitment amount

$ 376709086.7

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Sudan

Sector

Communications (Code: 220)

Flow type

Loan

Concessional

Vague

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2005

Description

On November 24, 2005, China Eximbank signed a memorandum of understadning (MOU) with Sudan Telecom to loan the Sudanese company $200 million USD for the purchase of communication equipment from ZTE Corporation. The loan details are unknown.On May 30, 2006, a rumor was reported saying that Sudan Telecom had been unhappy with some of the equipment and would request a cancellation of the contract; however, ZTE declared that it was false and confirmed that the MOU was executed. According to the 2011 World Bank document, an agreement was signed for the loan in 2005, but no loan was dispersed as of 2011.

Number of official sources

5

Number of unofficial sources

3

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Sudan Telecom Group (Sudatel or STG) [State-owned Company]

Implementing agencies [Type]

ZTE Corporation [State-owned Company]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No