China Eximbank provides $17.2 million USD for HDPE Pipe Supply Project
Commitment amount
$ 34949524.2664153
Adjusted commitment amount
$ 34949524.27
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
Description
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.
Additional details
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).
Number of official sources
4
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
Sudan National Water Corporation [State-owned Company]
Loan Details
Maturity
4 years
Interest rate
4.0%
Grace period
2 years
Grant element (OECD Grant-Equiv)
12.3553%