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Overview

Chinese Government signs ETCA providing RMB 120 million interest-free loan for Friendship Hall Renovation Project (Linked to Record ID#2148, #57993, ETCA #30433)

Commitments (Constant USD, 2023)$20,615,912
Commitment Year•2012Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Government And Civil SocietyFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2012
Start (actual)
Nov 29, 2014
End (actual)
Aug 1, 2017
First repayment
Dec 29, 2021
Last repayment
Dec 27, 2031

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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Friendship Hall is located in the center of Khartoum, the capital of Sudan, on the northwest side of the capital Khartoum International Airport, about 11 kilometers away from the airport. More detailed locational information can be found at https://www.openstreetmap.org/way/164057559#map=19/15.60558/32.51131.

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

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Sudan

Implementing agencies

State-owned companies

  • China Railway 4th Bureau Co., Ltd.

Loan desecription

Chinese Government signs ETCA providing RMB 120 million interest-free loan for Friendship Hall Renovation Project

Grace period•10 yearsGrant element•75.0516%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On 23 November 2011, the Chinese and Sudanese governments signed letters of exchange for the Friendship Hall Renovation Project. Then, the Chinese Government commissioned the Shanghai Architectural Research and Design Institute to inspect this project between 12-29 March 2012. Following the results of the inspection, on 20 December 2012, the Chinese Government signed an economic and technical cooperation project (ETCA) providing a RMB 120 million interest-free loan for the Friendship Hall Renovation Project as well as a 180 million RMB grant for unspecified projects (see ETCA #30433). The total project cost was RMB 186 million, but it is not known how the additional RMB 66 million was financed. This project involved the renovation and maintenance of the conference building, conference hall, banquet hall, exhibition hall, and theater in Friendship Hall. China Railway 4th Bureau was the contractor responsible for implementation. A groundbreaking ceremony was held on 29 November 2014 and this project was completed in August 2017. The Friendship Hall was originally constructed with Chinese aid during the 1970s. In 2002 (see Record ID#2148) and 2004 (see Record ID#57993), the Chinese Government provided financing for the construction of an international conference hall as an annex of the existing Friendship Hall.

Staff comments

The Chinese project title is 苏丹友谊厅项目 or 苏丹友谊厅维修项目. 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.