Completed Development AidData Chinese Aid

China Eximbank provides $3.7 million loan for Drilling of 50 Wells in North Kordofan Project

$3.7M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Sudan
Country	Sudan
Start Date	Jun 20, 2005
End Date	Jan 17, 2026
Duration	7,516 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`47170`

Grant Description

China Eximbank provides $3.7 million loan for Drilling of 50 Wells in North Kordofan Project On June 20, 2005, China Eximbank and the Government of Sudan signed a $3.7 million loan agreement for the Drilling of 50 Wells in North Kordofan Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following borrowing terms: a 9-year maturity

📅 Maturity9 years

⏳ Grace Period1 year

💹 Interest Rate4%

The. project involved the drilling of 50 water wells (boreholes) in North Kordofan State. A Chinese company associated with Tianjin Huakan Company was the contractor responsible for project implementation. The implementation status of the project is unknown.

📋 Staff Comments

1. A publication entitled 'External Debts, Growth and Peace in the Sudan Some Serious Challenges Facing the Country in the Post-Conflict Era' identifies the face value of the loan as $3.2 million.

📚 Sources & References

China's Bilateral Relations with Its Principal Oil Suppliers
Sudan: General Director of National Water Corporation praises Chinese support amounting to 500 million dollars
Bank of Sudan Annual Report 2005
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, “中国水神”扬名苏丹
Scoping study on Chinese relations with Sudan 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.