Project ID: 47163

China Eximbank provides $10.5 million USD loan for Drilling of 150 Wells Project

Commitment amount

$ 22787450.170948565

Adjusted commitment amount

$ 22787450.17

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

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

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2005-04-01

Description

In April 2005, China Eximbank and the Government of Sudan signed a $10.5 million USD loan agreement for the Drilling of 150 Wells Project. The loan terms are as follows: 8-year maturity, 2-year grace period, and 4% interest rate. The project involved the acquisition of spare parts and equipment needed to drill 150 water wells in Sudan. The implementation status of this project is unknown. However, on 14 April 2008, China’s Ministry of Commerce reported that Tianjin North China Construction Engineering Co., Ltd (天津华北建设工程有限公司) was implementing a well-drilling project in Darfur.

Additional details

Two sources identify 'Tiangin Company' as the implementing organization, which is likely a misspelling of 'Tianjin.’

Number of official sources

6

Number of total sources

8

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Sudan [Government Agency]

Implementing agencies [Type]

Tianjin Construction Engineering Group (Holding) Co., Ltd. [State-owned Company]

Loan Details

Maturity

8 years

Interest rate

4.0%

Grace period

2 years

Grant element (OECD Grant-Equiv)

18.6429%

Bilateral loan