Chinese Government signs ETCA providing RMB 120 million interest-free loan for Friendship Hall Renovation Project (Linked to #2148, #57993, ETCA #30433)
Commitment amount
$ 22333668.253293294
Adjusted commitment amount
$ 22333668.25
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Sudan
Sector
Government and civil society (Code: 150)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
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 Project #2148) and 2004 (see Project #57993), the Chinese Government provided financing for the construction of an international conference hall as an annex of the existing Friendship Hall.
Additional details
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.
Number of official sources
15
Number of total sources
16
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
China Railway 4th Bureau Co., Ltd. [State-owned Company]
Loan Details
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element (OECD Grant-Equiv)
71.6021%