Bank of China participates in a pledge of USD 203 million syndicated loan for Pensulo-Samfya-Mansa Transmission Line Project (linked to project ID#92433)
Pledged amount
$ 113358955.742321
Adjusted pledged amount
$ 113358955.742321
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]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Zambia
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
According to LexAfrica, a $203 million syndicated loan facility from China Development Bank and Bank of China is being negotiated with Zesco Limited (a Zambian state-owned integrated electricity utility) for the Pensulo-Samfya-Mansa 330KV Transmission Lines and Substations Project. The loan details or status of this project are unknown. It is assumed that each bank contributed USD 101.5 million. For China Development Bank's Contribution, see project ID#92433.
Additional details
1. The exact size of Bank of China and CDB’s respective financial contributions to the $203 million syndicated loan pledge are unknown. For the time being, AidData assumes that the 2 members of the lending syndicate contributed equal amounts ($101,500,000).
Number of official sources
1
Number of total sources
6
Details
Cofinanced
Yes
Cofinancing agencies [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Direct receiving agencies [Type]
Zambia Electricity Supply Corp. (ZESCO) [State-owned Company]
Implementing agencies [Type]
Zambia Electricity Supply Corp. (ZESCO) [State-owned Company]