Active Development AidData Chinese Aid

China Eximbank provides $10.5 million USD loan for Drilling of 150 Wells Project

$10.5M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Sudan
Country	Sudan
Start Date	Apr 01, 2005
End Date	Nov 18, 2030
Duration	9,362 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`47163`

Grant Description

China Eximbank provides $10.5 million USD loan for Drilling of 150 Wells Project In April 2005, China Eximbank and the Government of Sudan signed a $10.5 million USD loan agreement for the Drilling of 150 Wells Project.

📋 Loan / Grant Terms

💰 Loan Amountterms are as follows: 8-year maturity

📅 Maturity8 years

⏳ Grace Period2 years

💹 Interest Rate4%

The project involved the acquisition of spare parts and equipment needed to drill 150 water wells in Sudan. The implementation status of this project is unknown.

However, on 14 April 2008, China’s Ministry of Commerce reported that Tianjin North China Construction Engineering Co., Ltd (天津华北建设工程有限公司) was implementing a well-drilling project in Darfur.

📋 Staff Comments

Two sources identify 'Tiangin Company' as the implementing organization, which is likely a misspelling of 'Tianjin.’

📚 Sources & References

Scoping Study on Chinese relations with Sudan
Sudan: General Director of National Water Corporation praises Chinese support amounting to 500 million dollars
援苏丹达尔富尔地区打井项目实施合同已签署
援苏丹达尔富尔地区打井项目实施合同已签署
China
Chinese Loans to Africa Database
Bank of Sudan Annual Report 2005
External Debts
Growth and Peace in the Sudan Some Serious Challenges Facing the Country in the Post-Conflict Era 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.