China Eximbank provides $28.9 million USD loan for Wad Medani Water Treatment Plant Project (Linked to #56605)
Commitment amount
$ 58723328.56391873
Adjusted commitment amount
$ 58723328.56
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Sudan
Sector
Water supply and sanitation (Code: 140)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
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. This loan carried the following terms: 4% interest rate, 3-year grace period, 10-year maturity, and 11% insurance premium. 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.
Additional details
Number of official sources
6
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
China National Construction & Agricultural Machinery Import & Export Corporation (CAMC) [State-owned Company]
Loan Details
Maturity
10 years
Interest rate
4.0%
Grace period
3 years
Grant element (OECD Grant-Equiv)
22.8641%