Project ID: 2158

Chinese Government provides $10 million USD loan for acquisition of pumps, irrigation equipment, and generators

Commitment amount

$ 21144432.25

Constant 2017 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Sudan

Sector

Water supply and sanitation (Code: 140)

Flow type

Loan

Concessional

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2003

Description

On 1 August 2003, the Chinese Government provided a $10 million USD loan to the Government Sudan for the purchase of pumps, irrigation equipment, and generators (See: Chinese Loans to Africa Database and 'China Extends $10 Mln Loan to Sudan'). Part of the loan funds were earmarked for the construction of a workshop to maintain the equipment. This loan carried the following terms: 4-year maturity, 1-year grace period, and 3.5% interest rate (See: 'Bank of Sudan 2003 Annual Report,' p. 109). The first repayment date was 1 September 2004. The purpose of this loan was to partially finance an $11 million USD commercial contract signed on 8 August 2003 with Boshan Pump Industry Co., Ltd (also known as Shandong Sure Boshan Pump Industry Co., Ltd.). The press release also announced the company's intention to build a pump assembly plant in Sudan but the implementation status of this project is unknown. It is also unclear whether the goods were ever delivered or if the workshop was ever built.

Additional details

This project may be linked to or a duplicate of Project ID#47167, a loan of the same amount in 2005 also for irrigation equipment. Boshan Pump Industry was also involved in the 2005 project. However, the commitment years are definitely separate and the loan terms are different as well. The Bank of Sudan 2003 Annual Report misspells 'Boshan' as 'Bushan.'

Number of official sources

4

Number of unofficial sources

2

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Sudan [Government Agency]

Implementing agencies [Type]

Boshan Pump Industry Co., Ltd. [State-owned Company]

Loan type

Non-Concessional

Maturity

4 years

Interest rate

3.5%

Grace period

1 years

Grant element

13.36995713%

Gurarantee provided

No

Insurance provided

No