China Eximbank provides $29.9 million USD buyer’s credit loan for Blue Nile Agricultural Rehabilitation Project (Linked to Umbrella #57039)
Constant 2017 USD
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Agriculture, forestry, fishing (Code: 310)
Export Buyer's Credit
On 29 July 2008, China Eximbank and the Government of Sudan signed a $3 billion USD oil-backed master framework agreement (or line of credit) to finance various infrastructure projects (see Umbrella Project ID#57039). This resources-credit cooperation package is backed by future revenues from the sale of oil exports. Each subsidiary buyer’s credit loan (BCL) issued through the framework agreement carries a 15-year maturity and 5.6% interest rate.One of the subsidiary loans approved through this agreement in 2010 was a $29.9 million BCL for the Blue Nile Agricultural Rehabilitation Project (See: Chinese Loans to Africa Database). The proceeds from this BCL were used to finance a commercial contract signed 3 January 2010 with China CAMC Engineering Co., Ltd.. This project involved the provision of construction machinery, water pumps, sprinkling irrigation equipment, dredgers and channel gate materials for the rehabilitation of the 150,000 hectare irrigation area along the bank of the Blue Nile River in Sudan’s Sinnar (Sennar or سنار) State. It was officially completed and handed over to the local authorities on 15 June 2012.
This project is also known as the Blue Nile Agricultural Improvement and Electrification Project and the Blue Nile Scheme Rehabilitation Project. The Chinese project title is 的农业改造项目 or 苏丹青尼罗灌区复兴项目 (See: 我企业在苏丹签订一重要的农业改造项目).
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
China National Construction & Agricultural Machinery Import & Export Corporation (CAMC) [State-owned Company]; Sudan Ministry of Water Resources, Irrigation and Electricity [Government Agency]
Future revenues from the sale of oil exports