China Eximbank provides RMB 160 million government concessional loan for Minibuses for Senbus and Bus Assembly Production Project
Constant 2017 USD
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Transport and storage (Code: 210)
In February 2009, the Export-Import Bank China and the Government of Senegal signed a government concessional loan (GCL) agreement [China EXIMBANK GCL No. 1 (2009) Total No. (252)] worth RMB 160 million for the Minibuses for Senbus and Bus Assembly Production Project. The terms of the GCL are unknown. With the proceeds from the loan, Xiamen King Long United Automotive Industry (or “King Long”) and Senbus Industries created a factory in Thiès for the assembly of 406 King Long buses, including 4 buses and 402 minibuses. The factory was inaugurated and November 4, 2009 and an initial batch of 150 King Long city buses (produced by the Senegalese factory) were successfully delivered on October 5, 2010. King Long also provided technical assistance by sending 24 technicians to Senegal.
The Chinese project title is 金龙客车项目 or 406辆金龙公交车项目.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Senegal [Government Agency]
Implementing agencies [Type]
Government of Senegal [Government Agency]; Senbus Industries [Private Sector]; Xiamen King Long United Automotive Industry Co., Ltd. [State-owned Company]