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China loans Sudan 154 million RMB via ETCA for construction of bridges in Darfur (Linked to Record ID#43974)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Sudan |
| Country | Sudan |
| Start Date | Jun 29, 2011 |
| End Date | Nov 08, 2030 |
| Duration | 7,072 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 2470 |
Grant Description
China loans Sudan 154 million RMB via ETCA for construction of bridges in Darfur On June 29, 2011, in Beijing, President Umar al-Bashir and his Chinese counterpart, Hu Jintao witnessed the signing of an Economic and Technical Cooperation Agreement (ETCA) between the Chinese Deputy Minister of Commerce and the Sudanese Minister of Finance and National Economy, Ali Mahmud.
The ETCA provides an interest-free loan for the eastern Sudan (Darfur region) development fund and construction of bridges on River Atbara.
The total value of the donation is 154 million RMB, which was provided to Sudan through a combination of interest-free loans and grants. The breakdown of the funding is unknown. The aid will go toward reconstruction in eastern Sudan and economic and technical cooperation projects. The transaction amount has been left in this project.
See Record ID#43974 for the grant sub-projects. The current status and start and end dates are unknown.
Staff Comments
There is some discrepancy between the amount of funding. According to the Factiva source, the total amount of funding was 132 million RMB. Both the Arab News and official Chinese government sources report 154 million RMB. Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.
Sources & References
- China to donate $23 mln for east Sudan development
- China's Jintao
- Sudan's Al-Bashir discuss ties; witness signing of pacts
- Nation
- China Sign Two Agreements At 160 Million Chinese Yuan for Boosting Economic Cooperation
- Humanitarian Assistance 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 Sudan
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