Project ID: 58711

China Eximbank provides 50 billion FCFA concessional loan for Village Water Supply Project

Commitment amount

$ 98993020.7223832

Adjusted commitment amount

$ 98993020.72

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Senegal

Sector

Water supply and sanitation (Code: 140)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-01-01

Actual start

2017-05-01

Planned complete

2018-07-01

Actual complete

2021-04-29

NOTE: Red circles denote delays between planned and actual dates

Description

In 2017, China Eximbank and the Government of Senegal signed a CFA 50 billion concessional loan agreement for the Rural Well-Digging Project. The purpose of this project was to build and rehabiliate 251 wells (including the rehabiliation of 70 existing boreholes and the construction of 181 new boreholes and water towers), 900 standpipes, and 1,800 km of pipelines in 13 regions within the country's most disadvantaged rural areas. Upon completion, it was expected that this project would meet the water needs of more than 2.2 million people and 'solve the problem of water... for one-seventh of Senegal's population.' CGCOC Group Co., Ltd was the contractor responsible for implementation. An official project inauguration ceremony took place on June 4, 2016. Then, on March 5, 2017, a formal groundbreaking ceremony took place. However, project implementation did not commence until May 2017. The project was completed on April 29, 2021. The originally anticipated duration of the project was 14 months (July 2018).

Additional details

1. This project is also known as the Village Water Supply Project. The Chinese project title is 乡村打井供水项目 or 塞内加尔乡村打井项目 or 塞内加尔乡村打井供水项目 or 塞内加尔城乡供水项目. The French project title is Volet hydraulique de la phase 3 du Programme d’urgence de développement communautaire (PUDC) or Projet de forage de puits dans des régions arides et isolées du Sénégal.

Number of official sources

22

Number of total sources

34

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Senegal [Government Agency]

Implementing agencies [Type]

China State Construction Overseas Development Co., Ltd. [State-owned Company]

Government of Senegal [Government Agency]

CGC Overseas Construction Co., Ltd. (CGCOC) [State-owned Company]

Loan Details

Bilateral loan

Investment project loan