China Exim Bank loans $31.832 million USD to Cameroon for additional CDMA project (linked to #11939)
Commitment amount
$ 38473807.67
Constant 2017 USD
Summary
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Recipient
Cameroon
Sector
Communications (Code: 220)
Flow type
Loan
Concessional
No
Category
Project lifecycle
Description
On 15 October 2010, China Eximbank committed to provide a $31,832,494 USD non-concessional loan to the Government of Cameroon for the supply, installation, and commission of an additional 350 K CDMA project. This loan has a maturity of 8 years, a grace period of 3 years, an interest rate of 6 month LIBOR (0.455%) + margin (unspecified in available sources), and a commitment fee of 0.5%. The first CDMA project is captured in linked Project ID#11939.The project began on January 1, 2010, and is ongoing.
Number of official sources
2
Number of unofficial sources
0
Details
Cofinanced
No
Receiving agencies [Type]
Government of Cameroon [Government Agency]
Loan type
Non-Concessional
Maturity
8 years
Grace period
3 years
Commitment fee
0.5
Gurarantee provided
No
Insurance provided
No