Overview

China Eximbank provides USD $20 million loan for Mobile Telephone Project

Commitments (Constant USD, 2023)$33,231,291

Commitment Year•2007Country of Activity•ChadDirect Recipient Country of Incorporation•ChadSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2007

First repayment (originally scheduled): Dec 31, 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

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned companies

Société des Télécommunications du Tchad (SOTELTCHAD)

Implementing agencies

Government Agencies

Chad Ministry of Economy and Development Planning

Loan description

China Eximbank provides USD $20 million loan for Mobile Telephone Project

Grace period•5 yearsInterest rate (t₀)•1.5%Interest type•Fixed Interest Rate

Narrative

Full Description

Project narrative

According to Chad’s Ministry of Economy and Planning, China Eximbank and Société des Télécommunications du Tchad (SOTELTCHAD) — a state-owned telecommunications company in Chad — signed a USD $20 million concessional loan agreement in September 2007 for a Mobile Telephone Project. This loan reportedly carried the following terms: a 1.5% interest rate and a 5 year grace period. The maturity length of the loan is unknown. The implementation status of the project is also unknown.

Staff comments

This loan-financed project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.