Chinese Government provides $10 million USD loan for acquisition of irrigation equipment
Commitment amount
$ 21702333.496141493
Adjusted commitment amount
$ 21702333.5
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
Project lifecycle
Description
In April 2005, the Chinese Government provided a $10 million USD loan to the Government of Sudan for the acquisition of irrigation equipment from Shandong Sure Boshan Pump Industry Co., Ltd (also known as Boshan Pump Industry Co., Ltd.). This loan carried a 4% interest rate, 6.5-year maturity, and 1.5-year grace period. The first withdrawal date was October 2005. All other project details are unknown.
Additional details
This project may be linked to or a duplicate of Project ID#2158, which is a loan of the same amount in 2003 that was also used to purchase equipment from Shandong Sure Boshan Pump Industry Co., Ltd. However, the commitment years and loan terms are different. Source ID 64700 says the loan amount is $9 million USD. However, AidData relies on the $10 million USD figure provided in the Bank of Sudan Annual Report 2005.
Number of official sources
4
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
Boshan Pump Industry Co., Ltd. [State-owned Company]
Loan Details
Maturity
7 years
Interest rate
4.0%
Grace period
2 years
Grant element (OECD Grant-Equiv)
15.5534%