Chinese company provides $60 million USD supplier's credit to Sudan Airways for the purchase of two airplanes
Pledged amount
$ 69140289.42125842
Adjusted pledged amount
$ 69140289.42125842
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Sudan
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On 7 September 2015 during Sudan Presidents Omar al-Bashir's visit to Beijing, Chinese and Sudanese officials signed a commercial contract for two Airbus planes. The total cost of the two Airbus planes was $60 million USD. The Sudanese Minister of Transport said that these planes were financed by a loan from an unspecified Chinese company-- also called supplier's credit. The value of this loan and its terms are unknown. On 15 November 2017, the Sudanese Transport Minister announced that Sudan Airways would receive the two Airbus planes "soon." The Minister also said the two Airbus planes were part of a broader effort to increase the national airline's fleet to 7 planes by 2018. It is unclear whether the planes were ever delivered.
Additional details
The identity of the lender is unknown. The borrowing terms are unknown. As such, this loan is status-coded as a pledge for the time being. Because this transaction is largely ambiguous, AidData assumes the supplier's credit covers the entire project cost. Therefore, $60 million USD is coded as the transaction amount for now.
Number of official sources
1
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
Sudan Ministry of Transport, Roads, and Bridges [Government Agency]
Sudan Airways [State-owned Company]