China Eximbank provides $26.5 million USD loan for Al-Matama and Abu-Hamad Water Supply Project
Commitment amount
$ 53846650.75930264
Adjusted commitment amount
$ 53846650.76
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Sudan
Sector
Water supply and sanitation (Code: 140)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On 31 March 2006, China Eximbank and the Government of Sudan signed a $26.5 million USD loan agreement for the Al-Matama and Abu-Hamad Water Supply Project. The loan terms are as follows: 4% interest rate, 10-year maturity, 3-year grace period, and a 3% insurance premium. This project involved the provision of potable water to the city of Al-Matama (مطمّة;المتمّ;المتمّة) and the town of Abu-Hamad (أبو حمد). The Chinese contractor responsible for project implementation is unclear. It reportedly reached the implementation stage; however, the exact start and end dates are unknown. Also on 31 March 2006, Chinese and Sudanese officials signed a $34.1 million USD loan agreement for the Dongola Water Supply Project (See Project ID#47049).
Additional details
This project is also known as the Matama-Abu Hamed-El Daba Water Supply Project.
Number of official sources
6
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
Sudan Ministry of Water Resources, Irrigation and Electricity [Government Agency]
Loan Details
Maturity
10 years
Interest rate
4.0%
Grace period
3 years
Grant element (OECD Grant-Equiv)
22.8641%