Project ID: 2470

China loans Sudan 154 million RMB via ETCA for construction of bridges in Darfur (linked to #43974)

Commitment amount

$ 25442330.47

Constant 2017 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Sudan

Sector

Transport and storage (Code: 210)

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

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2011

Description

On June 29, 2011, in Beijing, President Umar al-Bashir and his Chinese counterpart, Hu Jintao witnessed the signing of an Economic and Technical Cooperation Agreement (ETCA) between the Chinese Deputy Minister of Commerce and the Sudanese Minister of Finance and National Economy, Ali Mahmud. The ETCA provides an interest-free loan for the eastern Sudan (Darfur region) development fund and construction of bridges on River Atbara. The total value of the donation is 154 million RMB, which was provided to Sudan through a combination of interest-free loans and grants. The breakdown of the funding is unknown.The aid will go toward reconstruction in eastern Sudan and economic and technical cooperation projects. The transaction amount has been left in this project. See Project ID #43974 for the grant sub-projects. The current status and start and end dates are unknown.

Additional details

There is some discrepancy between the amount of funding. According to the Factiva source, the total amount of funding was 132 million RMB. Both the Arab News and official Chinese government sources report 154 million RMB. Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20 years by default and grace period to 10 years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.

Number of official sources

0

Number of unofficial sources

3

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Sudan [Government Agency]

Loan type

Interest-Free

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element

75.05159755%

Gurarantee provided

No

Insurance provided

No