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Overview

Chinese company provides $60 million USD supplier's credit to Sudan Airways for the purchase of two airplanes

Commitments (Constant USD, 2023)$63,847,583
Commitment Year•2017Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2017

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

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Sudan

Implementing agencies

Government Agencies

  • Sudan Ministry of Transport, Roads, and Bridges

State-owned companies

  • Sudan Airways

Loan desecription

Chinese company provides $60 million USD supplier's credit to Sudan Airways for the purchase of two airplanes

Interest type•Unknown

Narrative

Full Description

Project narrative

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.

Staff comments

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.