Overview

Chinese Government pledges $200 million USD loan for Damerjog Port Crude Oil Terminal Project

Commitments (Constant USD, 2023)$218,144,315

Commitment Year•2016Country of Activity•DjiboutiDirect Recipient Country of Incorporation•DjiboutiSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2016

Start (planned): Jun 1, 2016

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 Djibouti

Loan desecription

Chinese Government pledges $200 million USD loan for Damerjog Port Crude Oil Terminal Project

Interest type•Unknown

Narrative

Full Description

Project narrative

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 Record ID#59895).