Project ID: 208

China Eximbank provides $28.9 million USD loan for Wad Medani Water Treatment Plant Project (Linked to #56605)

Commitment amount

$ 50963221.64

Constant 2017 USD

Summary

Funding agency [Type]

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

Recipient

Sudan

Sector

Water supply and sanitation (Code: 140)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2006

Description

On 5 April 2006, China Eximbank and the Government of Sudan signed a $28.9 million USD loan agreement for the Wad Medani Water Treatment Project (See: 'Bank of Sudan 2006 Annual Report,' p. 156). This loan carried the following terms: 4% interest rate, 3-year grace period, 10-year maturity, and 11% insurance premium (See: 'External Debts, Growth and Peace in the Sudan Some Serious Challenges Facing the Country in the Post-Conflict Era,' p. 58). The proceeds from this loan were used to finance a commercial contract signed 6 April 2006 between CAMC and Sudan State Water Company for the construction of the Wad Medani 100,000-ton Water Treatment Plant. The project is located in the city of Wad Medani ( ودمدني‎ Wad Madanī), which is the capital of the Al Jazirah state in east-central Sudan. This project has reportedly reached implementation but the precise project start and end dates are unknown.This is the first water supply project in Gezira (or Al Jazirah) State. The second project is captured in Project #56605.

Number of official sources

6

Number of unofficial sources

1

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Sudan [Government Agency]

Implementing agencies [Type]

China National Construction & Agricultural Machinery Import & Export Corporation (CAMC) [State-owned Company]

Loan type

Concessional

Maturity

10 years

Interest rate

4.0%

Grace period

3 years

Grant element

26.57931723%

Gurarantee provided

No

Insurance provided

No