Project ID: 47137

Chinese Government provides $11.2 million USD loan for acquisition of irrigation and water equipment

Commitment amount

$ 25509703.765130326

Adjusted commitment amount

$ 25509703.77

Constant 2021 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Sudan

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2004-03-04

Description

On 4 March 2004, the Chinese Government provided a $11.2 million USD loan to the Government of Sudan for the acquisition of irrigation and water equipment. This loan carried a 3% interest rate and 1.5-year grace period. The first loan repayment date was 13 April 2006. All other project details are unknown. Also in March 2004, China provided another $9 million USD to Sudan for purchasing additional irrigation inputs (see Project ID#56946).

Additional details

This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. The Chr. Michelsen Institute (CMI) source, which in turn relies on data from the Government of Sudan’s Ministry of Finance and National Economy (MOFNE), identifies the same loan amount and signing date, but identifies the purpose of the loan as 'Kosti grain storage’. This project (#47137) and Project #56946 seem to be distinct financial flows but it's possible they are duplicates.

Number of official sources

3

Number of total sources

5

Download the dataset

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

Interest rate

3.0%

Grace period

2 years

Bilateral loan

Investment project loan