Active Development AidData Chinese Aid

CNPC provides $6.8 million USD interest-free loan for the purchase of railway cars, engines, and inputs

$6.8M USD

Funder	China National Petroleum Corporation (CNPC)
Recipient Organization	Government of Sudan
Country	Sudan
Start Date	Mar 05, 2004
End Date	May 24, 2032
Duration	10,307 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`56251`

Grant Description

CNPC provides $6.8 million USD interest-free loan for the purchase of railway cars, engines, and inputs On 5 March 2004, China National Petroleum Corporation (CNPC) — a major Chinese state-owned oil and gas corporation — signed a $6.8 million USD interest-free loan agreement with the Government of Sudan for the acquisition of railway cars, engines, and other railway infrastructure inputs and support for repairs to Sudan's railway network.

This loan was reportedly to be repaid with the proceeds generated from freight transport on Sudan's railways.

📋 Loan / Grant Terms

💰 Loan Amountterms are unknown and it is unclear whether these funds were ever disbursed

📋 Staff Comments

The AP records the face value of the loan as $10 million and states that CNPC financed the project. Chr. Michelsen Institute (CMI), which relies on data from the Government of Sudan’s Ministry of Finance and National Economy (MOFNE), records the face value of the loan as $6.8 million. AidData relies on the latter estimate.This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.

📚 Sources & References

Sudan: Transport and communications
Chinese state company grants Sudan 10 million dollars for development of railways
External Debts
Growth and Peace in the Sudan Some Serious Challenges Facing the Country in the Post-Conflict Era
Chinese state company grants Sudan 10 million dollars for development of railways 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 Sudan

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