Overview

Chinese Government provides a $13.3 million USD loan to Sudan for the purchase of engineering equipment

Commitments (Constant USD, 2023)$26,657,596

Commitment Year•2005Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 1, 2005

First repayment (originally scheduled): Jan 1, 2007

Last repayment (originally scheduled): Dec 30, 2012

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

State-owned companies

China CAMC Engineering Co., Ltd. (CAMCE)

Loan description

Chinese Government provides a $13.3 million USD loan to Sudan for the purchase of engineering equipment

Grace period•2 yearsGrant element•21.7893%Interest rate (t₀)•4%Interest type•Fixed Interest RateMaturity•8 years

Narrative

Full Description

Project narrative

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 As of early 2006, Sudan had not withdrawn funds from this loan.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.

Staff comments

The specific Chinese Government institution that provided this loan is unknown.