China Eximbank pledges $32 million loan for Goroka City Water Supply System Project
Pledged amount
$ 36874821.02467116
Adjusted pledged amount
$ 36874821.02467116
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
Papua New Guinea
Sector
Water supply and sanitation (Code: 140)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
On November 20, 2017, the Export-Import Bank of China signed a MoU to loan 32 million USD for the Goroka City Water Supply System Project in the Eastern Highlands Province, Papua New Guinea. China Railway Fifth Engineering Group Co. Ltd. is the contractor for the project. According to the 2018 Budget Report, no Chinese financing has been committed for the Goroka Town Water Supply System. Once completed, the project will provide clean water for the whole province.
Number of official sources
3
Number of total sources
8
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Papua New Guinea [Government Agency]
Implementing agencies [Type]
China Railway Fifth Engineering Group Co., Ltd [State-owned Company]