China Eximbank provides USD $20 million loan for Mobile Telephone Project
Commitment amount
$ 35985287.657682
Adjusted commitment amount
$ 35985287.66
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Chad
Sector
Communications (Code: 220)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
This loan-financed project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.
Number of official sources
1
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Société des Télécommunications du Tchad (SOTELTCHAD) [State-owned Company]
Implementing agencies [Type]
Chad Ministry of Economy and Development Planning [Government Agency]
Loan Details
Interest rate
1.5%
Grace period
5 years