China Development Bank pledges loan for a desalination plant in Djibouti
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This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Djibouti
Sector
Water supply and sanitation (Code: 140)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
Between 9-16 January, 2010, the National Office of Water and Sanitation of Djibouti (ONEAD) and China Tianjin Machinery Import and Export Co., Ltd signed a memorandum of understanding (MOU) to build a seawater desalination plant in Djibouti (or 吉布提海水淡化项目). The purpose of the planned project was to build a 40,000-ton seawater desalination plant, and the project would have been contracted to Tianjin Machinery Import and Export Corporation and implemented through a joint venture and a PPP model"). On 23 May, 2011, Zhao Jianping, Assistant to the President of the China Development Bank and Chairman of the China-Africa Development Fund, negotiated with Djiboutian government officials on the cooperation model and financing plan for the construction of the desalination project. In May 2011, the China Development Bank also expressed interest in providing a loan to construct a desalination plant. However, it appears that this project was ultimately not implemented with debt financing from China Development Bank.
Additional details
Mixed intent since the loan was supposed to support a joint venture
Number of official sources
4
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Djibouti [Government Agency]
Implementing agencies [Type]
National Office of Water and Sanitation of Djibouti (ONEAD) [Government Agency]
Tianjin Machinery Import and Export Corporation (Group) [State-owned Company]