China Eximbank pledges to finance Africa Technological City Project

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Sudan
Country	Sudan
Start Date	Jul 12, 2011
End Date	May 15, 2032
Duration	7,613 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`2472`

Grant Description

China Eximbank pledges to finance Africa Technological City Project On July 12, 2011, the head of Nantong Company and the Sudan Deputy General Director of city projects signed an contract worth 90 million USD for the establishment of an Africa Technological City. The project was reportedly financed by a China Eximbank loan of an unspecified value.

It is unclear when or if China Eximbank ever formally signed a financing agreement. All other project details are unknown.

📋 Staff Comments

$90 million USD captures the contract amount, not the loan commitment. Therefore, AidData does not code a transaction amount for this project.

📚 Sources & References

http://www.fmprc.gov.cn/zflt/eng/zfgx/t839891.htm
China to Extend Loan 90 Million Pounds for Establishment of Africa Technological City 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.