China Eximbank provides RMB 160 million government concessional loan for Minibuses for Senbus and Bus Assembly Production Project

📋 Staff Comments

1. The French project title is Projet d'acquisition de bus au profit Dakar Dem Dikk. The Chinese project title is 金龙客车项目 or 406辆金龙公交车项目 or 达喀尔-戴姆-迪克汽车公司.
2. According to the World Bank's Debtor Reporting System (DRS), the weighted average grace period of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Senegal was 5.8-years in 2009. AidData estimates the grace period of the China Eximbank loan that supported the Minibuses for Senbus and Bus Assembly Production Project by using this figure. See https://www.dropbox.com/scl/fi/plxl86c6ig2py5i4fwqx4/November-2024-Extract-from-IDS-on-Senegal-s-Borrowings-and-Borrowing-Terms-from-Official-and-Official-Sector-PRC-Creditors.xlsx?rlkey=za3y1wzuhwxxtj96whvs35xc4&dl=03. According to the World Bank's Debtor Reporting System (DRS), the weighted average interest rate of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Senegal was 1.9% in 2009. AidData estimates the interest rate of the China Eximbank loan that supported the Minibuses for Senbus and Bus Assembly Production Project by using this figure. See https://www.dropbox.com/scl/fi/plxl86c6ig2py5i4fwqx4/November-2024-Extract-from-IDS-on-Senegal-s-Borrowings-and-Borrowing-Terms-from-Official-and-Official-Sector-PRC-Creditors.xlsx?rlkey=za3y1wzuhwxxtj96whvs35xc4&dl=04. One sources suggests that the loan commitment date was February 13, 2010 (https://documents1.worldbank.org/curated/fr/825191468305338767/pdf/537740PAD0P1011y100IDA1R20101014511.pdf). This discrepancy warrants further investigation.
3. Conseil Exécutif des Transports Urbains de Dakar (CETUD) is the organizing authority for urban transport in the Dakar metropolitan area.

📚 Sources & References

• http://www.google.com/hostednews/afp/article/ALeqM5iQCUxMWicaFurgkQSc9RB8tC5BsQ, http://www.king-long.com/etwnews1518.html, http://www.chinabuses.org/news/2010/1012/article_3701.html, http://www.theautochannel.com/news/2009/02/19/435846.html
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