Chinese Government provides a $13.3 million USD loan to Sudan for the purchase of engineering equipment
Commitment amount
$ 28864103.54986818
Adjusted commitment amount
$ 28864103.55
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Sudan
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In April 2005, the Government of Sudan and the Chinese Government signed a $13.3 million USD loan agreement for Sudan's purchase of engineering equipment from CAMC Engineering Co. Ltd., a Chinese state-owned enterprise. The loan carried the following terms: an interest rate of 4%, a grace period of 2 years, and a maturity period of 8 years. As of early 2006, Sudan had not withdrawn funds from this loan. Additional project details are unknown.
Additional details
The specific Chinese Government institution that provided this loan is unknown.
Number of official sources
1
Number of total sources
1
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
China CAMC Engineering Co., Ltd. (CAMCE) [State-owned Company]
Loan Details
Maturity
8 years
Interest rate
4.0%
Grace period
2 years
Grant element (OECD Grant-Equiv)
18.6429%