China Eximbank pledges USD $2 billion for Ouagadougou 10,000 Housing Unit Construction Project in Burkina Faso
Pledged amount
$ 2000000000.0
Adjusted pledged amount
$ 2000000000.0
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]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Burkina Faso
Sector
Other social infrastructure and services (Code: 160)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
In 2018, SinoHydro dispatched a feasibility study team to Burkina Faso for the Ouagadougou 10,000 Housing Unit Construction Project. China Eximbank pledged USD $2 billion for this project. However, according to a September 2021 media report, SinoHydro was still negotiating the terms of the commercial contract, indicating that China Eximbank had not yet committed any financing for this project yet.
Number of official sources
0
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Burkina Faso [Government Agency]
Implementing agencies [Type]
SinoHydro [State-owned Company]