Overview

China Eximbank pledges to finance Africa Technological City Project

Commitment Year•2011Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 12, 2011

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

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Sudan

Implementing agencies

Private Sector

Nantong Construction Engineering Group Co., Ltd.

Loan desecription

China Eximbank pledges to finance Africa Technological City Project

Interest type•Unknown

Narrative

Full Description

Project narrative

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.

Staff comments

$90 million USD captures the contract amount, not the loan commitment. Therefore, AidData does not code a transaction amount for this project.