Completed Development AidData Chinese Aid

China Eximbank provides RMB 500 million government concessional loan for Third N'Sukala Sugar Refinery Construction Project (Linked to Record ID#72350)

¥500K RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Mali
Country	Mali
Start Date	Nov 26, 2008
End Date	Jun 04, 2027
Duration	6,764 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1506`

Grant Description

China Eximbank provides RMB 500 million government concessional loan for Third N'Sukala Sugar Refinery Construction Project On November 26, 2008, the Export-Import Bank of China (China Eximbank) and the Government of Mali signed an RMB 500 million government concessional loan (GCL) agreement for the Third N'Sukala Sugar Refinery Construction Project.

Mali’s Parliament ratified the GCL agreement on March 06, 2009.

📋 Loan / Grant Terms

💰 Loan Amountoriginally carried the following borrowing terms: a 2% interest rate

📅 Maturity21.32 years

⏳ Grace Period7.32 years

💹 Interest Rate2%

The borrower was expected to make 28 consecutive, semi-annual principal payments after the expiration of the grace period.

The project involved the construction of a sugar plant by N’Sukala SA, a joint-venture set up in 1996 between the Malian Government and the state-owned China Light Industrial Corporation for Foreign Economic and Technical Cooperation (CLETC). The Malian Government holds a 40% equity stake and CLETC holds a 60% equity stake in the joint venture.

CLETC was granted a 50-year renewable lease on 20,000 ha of land for irrigated sugar production.

Upon completion of this project, the newly-construction sugar refinery was expected to have an annual production capacity of 103,680 tons of sugar and 9,600,000 liters of alcohol.

A groundbreaking ceremony took place on July 31, 2009, and the refinery was officially inaugurated on November 14, 2012.

📋 Staff Comments

The Chinese project title is 署了新糖联项目 or 过新糖联项目 or 马里新糖联项目. The French project title is la 3ème Sucrerie de N-Sukala or Complexe Sucrier Du Kala Superieur SA or N’Sukala SA Project.
In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it identifies the face value of the China Eximbank loan that supported this project as $29 million. AidData relies on the face value (RMB 500 million or approximately $71 million) of the loan that was presented to Mali’s Parliament before it ratified the loan on March 06, 2009.
The loan's borrowing terms are drawn from the following official

📚 Sources & References

https://finances.ml/sites/default/files/2023-09/BULL_STAT_DETTE_1er_SEM_2023_FINAL.pdf Sources: Backgrounder: China-Mali ties in continuous development, http://www.iprcc.org/userfiles/file/Feng%20Sheyong-EN(1).pdf, http://www.panapress.com/Sugar-factory-inaugurated-in-Mali--13-850951-0-lang2-index.html, http://landportal.info/landmatrix
Mali-China Cooperation
Sugar Production: Overdrive
National Assembly: Yes, to State Participation in the Capital of N-Sukula
The National Daily Rise of Wednesday January 16 2008
Visit of President Hu Jintao to Mali, 《中国的对外援助》
中国向马里贷款建制糖厂
Mali's Karaoke New Sugar Joint Project Founding Agreement Signed in Bamako
Milestones on aid to Mali in 2008
A SPOONFUL OF CHINESE SUGAR SOURS U.S. INVESTORS IN MALI
China Exim Bank sent a group to inspect and evaluate the Mali New Sugar Factory Project
Inauguration of N-SUKALA-SA: the beginnings of sugar sovereignty
China's agricultural investments A source of concern?
Mali: Poverty Reduction Strategy Paper
Sugar production: SURMULTIPLIEE
New Sugar Union's 'Excellent Loan Agreement' signed in Bamako
N-SUKALA SA INAUGURATED IN BÉWANI: HERE WE GO FOR AN ANNUAL PRODUCTION OF 105 000 T OF SUGAR
China's offer of a preferential loan framework agreement to Mali signed in Bamako
China Light and Light Company signed a letter of intent for cooperation with the Malian government on the “Three Sugars” project
China Exim Bank sent a group to inspect and evaluate the Mali New Sugar Factory Project
Mali-Chine : 1,2 MILLIARD POUR DES PROJETS PRIORITAIRES
马里新糖联项目
MALI-CHINA: Cooperation point President Hu Jintao visits Mali
马里新糖联项目投产仪式成功举行
马里新糖联项目
Sucrerie de Sukala
Coopération Mali-Chine : Une nouvelle sucrerie dans 24 mois
ACTES DE LA REPUBLIQUE DU MALI ORDONNANCE - DECRETS – ARRETES, http://global.factiva.com/aa/?ref=XNEWS00020090211e52b00565&pp=1&fcpil=en&napc=S&sa_from=
Coopération bilatérale:Le Ministre OUANE en Chine
Module centrale 2011-2012.xls
China Exim Bank sent a group to inspect and evaluate the Mali New Sugar Factory Project
President Dürr attends the foundation stone laying ceremony of Mali New Sugar Association
China Exim Bank and Mali signed a preferential loan agreement
马里新糖联 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Government of Mali

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