Project ID: 31230

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

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2010

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

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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