China Eximbank provides RMB 50 million government concessional loan for Irrigation Dam Construction Project (Linked to Umbrella Project ID#56599)
Commitment amount
$ 15098762.642234953
Adjusted commitment amount
$ 15098762.64
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Morocco
Sector
Water supply and sanitation (Code: 140)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In October 2002, the Export-Import Bank of China (China Eximbank) and the Government of Morocco signed an RMB 50 million government concessional loan (GCL) agreement for an Irrigation Dam Construction Project. The borrowing terms of the GCL are unknown. The purpose of the project was to build three small irrigation dams: one in the city of Ifrane; one in the city of Chefchaouen; and one in the city Al-Hoceima. It is not clear if this project was ever implemented. The China Eximbank loan was reportedly part of a larger Chinese Government pledge to provide RMB 130 million in support of these three dams (see Project ID#56599).
Additional details
1. The Chinese project title is 建设三个小型水坝的 or 在伊夫兰、沙温和侯赛马建设三个小型水坝的. The French project title is la construction de petits barrages.
Number of official sources
4
Number of total sources
11
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Morocco [Government Agency]