Overview

Chinese Government provides USD 10 million loan to Sudanese Government for acquisition of pumps, irrigation equipment, generators, and other purposes in 2003

Commitments (Constant USD, 2023)$22,500,349

Commitment Year•2003Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Water Supply And SanitationFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 1, 2003

First repayment: Sep 1, 2004

Last repayment: Sep 1, 2008

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

Government of Sudan

Implementing agencies

State-owned companies

Boshan Pump Industry Co., Ltd.

Loan desecription

Chinese Government provides USD 10 million loan to Sudanese Government for acquisition of pumps, irrigation equipment, and generators in 2003

Grace period•1 yearsGrant element•13.37%Interest rate (t₀)•3.5%Interest type•Fixed Interest RateMaturity•4 years

Narrative

Full Description

Project narrative

On August 1, 2003, the Chinese Government provided a USD 10 million loan to the Government of Sudan for the purchase of pumps, irrigation equipment, and generators. Part of the loan funds were also earmarked for the construction of a workshop to maintain the equipment. Additionally, loan proceeds would partially finance a USD 11 million commercial contract signed on August 8, 2003 with Boshan Pump Industry Co., Ltd (also known as Shandong Sure Boshan Pump Industry Co., Ltd.). The loan carried a four-year maturity, one-year grace period, and an interest rate of 3.5%. Repayment was scheduled to begin on September 1, 2004.