Overview

China Eximbank provides $17.2 million USD for HDPE Pipe Supply Project

Commitments (Constant USD, 2023)$32,276,077

Commitment Year•2006Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Water Supply And SanitationFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 5, 2006

First repayment (originally scheduled): Jan 1, 2008

Last repayment (originally scheduled): Dec 31, 2009

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

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Sudan

Implementing agencies

State-owned companies

Sudan National Water Corporation

Loan description

China Eximbank provides $17.2 million USD for HDPE Pipe Supply Project

Grace period•2 yearsGrant element•14.5776%Interest rate (t₀)•4%Interest type•Fixed Interest RateMaturity•4 years

Narrative

Full Description

Project narrative

According to Sudan’s Ministry of Finance and National Economy (MOFNE), on 5 April 2006, China Eximbank and the Government of Sudan signed a $17.2 million USD loan agreement for the HDPE Pipe Supply Project. This loan carried a 4% interest rate, 4-year maturity, 2-year grace period, and 8% insurance premium. An estimated $5.2 million USD was disbursed in 2007, $8.6 million USD in 2008, $3.4 million USD in 2009. This project involved the provision of HDPE pipes were to be used by Sudan's National Water Corporation in order to help facilitate water treatment processes. The implementation status of this project is unknown.

Staff comments

Chr. Michelsen Institute (CMI) indicates that this loan is non-concessional with a grant element of 4%, which is different from AidData’s calculation. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it identifies the maturity length of this loan as 2 years. AidData relies on the maturity length (4 years) that is reported by Sudan’s Ministry of Finance and National Economy (MOFNE).