Completed Mixed AidData Chinese Aid

CMEC provides $22.2 million supplier's credit for Rabak Grain Silo Project

$22.2M USD

Funder	China Machinery Engineering Corporation (CMEC)
Recipient Organization	Government of Sudan
Country	Sudan
Start Date	Dec 01, 2005
End Date	May 16, 2030
Duration	8,932 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`47189`

Grant Description

CMEC provides $22.2 million supplier's credit for Rabak Grain Silo Project In December 2005, China National Machinery Import and Export Corporation (CMEC) provided a $22.2 million supplier's credit to the Government of Sudan for the Rabak Grain Silo Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following borrowing terms: 8-year maturity

📅 Maturity8 years

⏳ Grace Period2 years

💹 Interest Rate4%

As of June 30, 2012, CMEC estimated it would receive deferred payments including interest equal to $10.7 million.

The project involved the construction of a 100,000-ton grain storage depot in Rabak (ربك or Rabbak), a city in southeastern Sudan and the capital of the White Nile State. CMEC was the contractor responsible for implementation.

China's Ministry of Commerce claims that the total value of the commercial contract is $27 million but a CMEC source claims that is is actually $22.9 million. Construction began in October 2007 and a project completion ceremony was held on June 12, 2010.

📋 Staff Comments

1. The Chinese project title is 拉巴克粮库项目.

📚 Sources & References

Project Proposals: Sudan (The)
Do grain reserves necessarily contribute to prices stability and food security in Sudan? An assessment
苏丹拉巴克粮库项目竣工
China Machinery Engineering Corporation Global Offering
FLOUR MILL PROJECT IN SUDAN
苏丹拉巴克粮库项目竣工
China
Chinese Loans to Africa Database
Bank of Sudan Annual Report 2005 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.