Loading grant details…
China Eximbank provides $1 billion master facility agreement for various infrastructure and industrial projects (Linked to Record ID#58433 and #58414)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Niger |
| Country | Niger |
| Start Date | Sep 30, 2013 |
| End Date | Dec 03, 2028 |
| Duration | 5,543 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 31049 |
Grant Description
China Eximbank provides $1 billion master facility agreement for various infrastructure and industrial projects On September 30, 2013, China Eximbank and the Government of Niger signed a $1 billion master facility agreement (#EXIMNIG001) for various infrastructure and high-yield industrial projects.
The agreement reportedly specified that all subsidiary loans would be secured and repaid with the proceeds from oil sales under a joint venture with CNPC to develop the Agadem Oilfield.
China Eximbank also specified that any loans under this facility would need to be tied to a Chinese contractor and earmarked for projects with high economic rates of return. Any projects funded through the facility also required prior approval by China Eximbank.
The National Assembly of Niger officially ratified the master facility agreement on May 28, 2014; however, the agreement was cancelled in 2018 before any money was disbursed.
Some of the projects that were considered for funding through the master facility agreement included the Kao Cement Plant Construction Project (see Record ID#58414) and 5,000 Housing Unit Construction Project (which would have been implemented by China Gezhouba Group Company Limited, or CGGC).
It was also reported that the master facility agreement would be used for the refinancing of loan to SORAZ company (see Record ID#58433).
Sources & References
- Chinese bank lends Niger $1 billion: minister
- Niger: China Offers Niger U.S.$1 Billion in Loan for Various Projects
- The National Assembly approves the ratification of the loan agreement Exim Bank of China of one billion US dollars intended for the realization of several projects of development
- Assemblée nationale : Adoption de quatre (4) projets de texte dont celui portant abrogation de la loi autorisant la ratification de la Convention Cadre de crédit avec EXIM-BANK
- BILAN DES 3 ANS DE MISE EN OEUVRE DU PROGRAMME DE RENAISSANCE AVRIL 2011 – MARS 2014
- Urbanisme, logement et cadre de vie
- NIGER SIXTH AND SEVENTH REVIEWS UNDER THE EXTENDED CREDIT FACILITY ARRANGEMENT
- REQUEST FOR WAIVERS OF NONOBSERVANCE OF PERFORMANCE CRITERIA
- REQUEST FOR AUGMENTATION OF ACCESS
- AND EXTENSION OF THE CURRENT ARRANGEMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR NIGER
- Assemblée nationale : Adoption de quatre (4) projets de texte dont celui portant abrogation de la loi autorisant la ratification de la Convention Cadre de crédit avec EXIM-BANK
- Beijing’s ‘Going Out’ Strategy and Belt and Road Initiative in the Sahel: The Case of China’s Growing Presence in Niger 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 Niger
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
