Project ID: 59369

China pledges $200 million USD loan for Damerjog Port Crude Oil Terminal Project (Linked to #59895)

Pledged amount

$ 236160901.6716934

Adjusted pledged amount

$ 236160901.6716934

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Djibouti

Sector

Energy (Code: 230)

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

Vague (Official Finance) (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

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-01-01

Planned start

2016-06-01

Description

In 2016, the Chinese government pledged to provide a loan to the Government of Djibouti for construction of the Damerjog Port Crude Oil Terminal. The loan would reportedly have had a value of $200 million USD. However, according to February 2020 correspondence between AidData’s Executive Director and the IMF’s Mission Chief to Djibouti, this loan pledge never materialized into an official commitment. This Damerjog port seems to have been included in a separate project financed by GCL-POLY (see project #59895).

Number of official sources

4

Number of total sources

7

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Djibouti [Government Agency]

Loan Details

Bilateral loan

Investment project loan