Project ID: 53289

Consortium of banks including China Construction Bank loans ZAR 644 million to Transnet

Summary

Funding agency [Type]

China Construction Bank Corporation (CCB) [State-owned Commercial Bank]

Recipient

South Africa

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Commercial (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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2015-01-01

Description

In 2015, Transnet took out a loan of ZAR 644 million from a consortium of banks which included KFW IPEX-Bank GmbH, Rand Merchant Bank, and the China Construction Bank (CCB). The exact amount of funding that came from CCB is unknown.

Additional details

It is unclear when the loan contract was signed; the report only states that it occurred within the year that ended on March 31, 2015. There is no transaction amount for this project since it is unclear how much money came from CCB as opposed to the other banks.

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Transnet [State-owned Company]

Loan Details

Bilateral loan