China National Machinery Industry Corporation Limited (Sinomach) provides $463 million supplier's credit for Port Sudan Water Project (Linked to Project ID#73345)

On June 20, 2005, China National Machinery Industry Corporation Limited (Sinomach) signed a $463 million supplier's credit agreement with the Government of Sudan for the Port Sudan Water Project (as captured via Project ID#47180). The loan carried the following borrowing terms: a 14-year maturity, a 4-year grace period, and a 4% interest rate. The agreement was renegotiated and increased to a $509 million supplier's credit on September 15, 2009 (as captured via Project ID#73345); however, the borrowing terms of the September 15, 2009 loan are unknown. The Port Sudan Water Project involved the construction of a water supply system over a 470 km area from the Atbara area of the Nile River to Port Sudan. More specifically, it involved extracting water from the Nile River, and after purification treatment, supplying it to the Port Sudan (بورتسودان) area through a 471.1 km water pipeline. The pipeline is designed to deliver a daily water supply of 100,000 cubic meters. China Machinery Engineering Corporation (CMEC) and China Ocean Aviation Group Limited (COAGI) were the contractors responsible for implementation. This project officially commenced on February 21, 2011. However, it is unclear if the project was ever completed.

Additional details

1. This project is also known as the Port Sudan Water Supply Engineering Project. The Chinese project title is 苏丹港供水工程项目. 2. It is unclear whether the original $463 million loan was ever drawn down between 2005 and 2009 before the agreement was renegotiated. This issue warrants further investigation.

Number of official sources

10

Number of total sources

11