Overview

Chinese Government provides $10 million USD loan for acquisition of irrigation equipment

Commitments (Constant USD, 2023)$20,043,305

Commitment Year•2005Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 1, 2005

First repayment (originally scheduled): Jul 2, 2006

Last repayment (originally scheduled): Jul 1, 2011

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

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

Government of Sudan

Implementing agencies

State-owned companies

Boshan Pump Industry Co., Ltd.

Loan desecription

Chinese Government provides $10 million USD loan for acquisition of irrigation equipment

Grace period•1.5 yearsGrant element•18.2504%Interest rate (t₀)•4%Interest type•Fixed Interest RateMaturity•6.5 years

Narrative

Full Description

Project narrative

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.

Staff comments

This project may be linked to or a duplicate of Record 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.