China Eximbank pledges to finance Africa Technological City Project
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Sudan
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
On July 12, 2011, the head of Nantong Company and the Sudan Deputy General Director of city projects signed an contract worth 90 million USD for the establishment of an Africa Technological City. The project was reportedly financed by a China Eximbank loan of an unspecified value. It is unclear when or if China Eximbank ever formally signed a financing agreement. All other project details are unknown.
Additional details
$90 million USD captures the contract amount, not the loan commitment. Therefore, AidData does not code a transaction amount for this project.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
Nantong Construction Engineering Group Co., Ltd. [Private Sector]