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
Project lifecycle
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
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]