ICBC provides EUR 39.02 million loan for Fatick Campus of University Sine Saloum El-Hadj Ibrahima Niass (USSEIN) Project

On March 20, 2018, the Industrial and Commercial Bank of China (ICBC) and the Government of Senegal signed a EUR 39,020,852 loan agreement for the Fatick Campus of University Sine Saloum El-Hadj Ibrahima Niass (USSEIN) Project. The borrowing terms of the loan are unknown. However, it is known that the borrower was expected to use the loan proceeds to finance a commercial contract between Senegal’s Ministry of Education and China Machinery Engineering Corporation (CMEC). The purpose of the project is to construct and equip the Fatick campus of the University Sine Saloum El-Hadj Ibrahima Niass (USSEIN). The campus will be equipped with instructional buildings, libraries, amphitheaters, dormitories, and canteens. A university of agriculture, animal husbandry and fishery will also be built in Fatick and Kavlin, with the goal of improving education resources and promoting the economic development of Senegal's people through their talents in the aforementioned areas. China Machinery Engineering Corporation (CMEC) is the contractor responsible for project implementation. A local company, OTIZIA, is also involved as a subcontractor. Construction began on July 1, 2019. The launch was held by the Ministry of Higher Education and Research of Senegal and the CMEC Senegal University City Project Department and took place on the Fatick campus. Sheikh Omar Hanna, Minister of Higher Education of Senegal, Zhang Xun, Chinese Ambassador to Senegal, Tong Zigang, Deputy General Manager of CMEC, Project Manager Qi Yanjun, Head of Fatick Region, and officials of relevant government departments attended the ceremony. Originally, the project was planned to reach completion by December 2020. However, it was delayed by the COVID-19 pandemic. In 2021, construction continued but students protested the construction delays.

Additional details

1. The French project title is Construction et équipement de l’Université Sine Saloum El Hadj Ibrahima NIASS USSEIN. 2. The project identification number in the Government of Senegal's Aid Management Platform (AMP) is 87274147916. See http://pgfe.finances.gouv.sn/TEMPLATE/reamp/modules/activity-preview/index.html#/activity/28689

Number of official sources

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