Overview

China Eximbank pledges loan for Tamboul Sugar Factory Project

Commitments (Constant USD, 2023)$34,211,147

Commitment Year•2015Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 28, 2015

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

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Sudan

Implementing agencies

Government Agencies

Sudan Ministry of Industry and Trade

State-owned companies

China GDE Engineering CO.,LTD.

Loan desecription

China Eximbank pledges loan for Tamboul Sugar Factory Project

Interest type•Unknown

Narrative

Full Description

Project narrative

On 28 January, 2015, the China Eximbank signed a framework agreement with the Government of Sudan in which it agreed to finance multiple projects in Sudan, including the Tamboul Sugar Factory Project. A 2016 budget report from Sudan’s Ministry of Finance indicates that the construction of the factory was financed with a 195.3 million Sudanese pound foreign loan in addition to local loans worth 6.96 million Sudanese pounds. It is unclear whether the foreign loan was actually from China Eximbank. China GDE signed a construction design contract for the Tamboul Sugar Factory on 10 September, 2012. It is unclear whether they actually carried out this project.

Staff comments

The Chinese project title is 苏丹汤布尔糖联建设项目 or 署汤布尔糖联项目. AidData failed to find evidence of China Eximbank signing a loan agreement so the status is coded as pledge for now.