China Eximbank provides $45 million preferential buyer’s credit for Rubber and Rice Planting and Processing Project (Linked to Record ID#31006, #31008, #31007)

Project narrative

In 2013, China Eximbank signaled its interest in signing a $45million preferential buyer’s credit (PBC) agreement with Sierra Leone China Agriculture Development Limited Company (SLeCHAD) for a Rubber and Rice Planting and Processing Project. SLeCHAD is a joint venture and project company created by Hainan Zhonghai International Economic Cooperation Co., Jiangsu Provincial Construction Group, Hainan Rubber State Industry Group Co., Ltd., and the Government of Sierra Leone. The proceeds from the PBC would have been used to develop 100,000 hectares of rubber plantation and 35,000 hectares of irrigated rice field with processing facilities from both rubber and rice. This project would have been implemented in the Kolifa Mabang, Kolifa Rowala, Yoni and Fakunya chiefdoms within the Moyamba district and Tonkolili district. The commitment was made later but no specific date was found.