Active Mixed AidData Chinese Aid

Chinese company provides $60 million USD supplier's credit to Sudan Airways for the purchase of two airplanes

$60M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Sudan
Country	Sudan
Start Date	Jan 01, 2017
End Date	Nov 08, 2030
Duration	5,059 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`57930`

Grant Description

Chinese company provides $60 million USD supplier's credit to Sudan Airways for the purchase of two airplanes On 7 September 2015 during Sudan Presidents Omar al-Bashir's visit to Beijing, Chinese and Sudanese officials signed a commercial contract for two Airbus planes. The total cost of the two Airbus planes was $60 million USD.

The Sudanese Minister of Transport said that these planes were financed by a loan from an unspecified Chinese company-- also called supplier's credit. The value of this loan and its terms are unknown.

On 15 November 2017, the Sudanese Transport Minister announced that Sudan Airways would receive the two Airbus planes "soon." The Minister also said the two Airbus planes were part of a broader effort to increase the national airline's fleet to 7 planes by 2018. It is unclear whether the planes were ever delivered.

📋 Staff Comments

The identity of the lender is unknown. The borrowing terms are unknown. As such, this loan is status-coded as a pledge for the time being.Because this transaction is largely ambiguous, AidData assumes the supplier's credit covers the entire project cost. Therefore, $60 million USD is coded as the transaction amount for now.

📚 Sources & References

Sudan buys two Airbus planes worth 60 mln USD with Chinese funding
Sudan buys two Airbus planes worth 60 mln USD with Chinese funding, سودانير-تشتري-طائرتي-ايرباص-بقرض-صيني, الخطوط السودانية تتسلم طائرتين إيرباص بتمويل صيني الخرطوم تدشن خط سكة حديد يربطها بتشاد وإثيوبيا
Sudan Airways to receives two Chinese-funded Airbus
Sudan buys two Airbus planes worth $60m with Chinese funding 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.