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Chinese Government pledges $200 million USD loan for Damerjog Port Crude Oil Terminal Project
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Djibouti |
| Country | Djibouti |
| Start Date | Jan 01, 2016 |
| End Date | Oct 22, 2032 |
| Duration | 6,139 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 59369 |
Grant Description
China pledges $200 million USD loan for Damerjog Port Crude Oil Terminal Project In 2016, the Chinese government pledged to provide a loan to the Government of Djibouti for construction of the Damerjog Port Crude Oil Terminal. The loan would reportedly have had a value of $200 million USD.
However, according to February 2020 correspondence between AidData’s Executive Director and the IMF’s Mission Chief to Djibouti, this loan pledge never materialized into an official commitment. This Damerjog port seems to have been included in a separate project financed by GCL-POLY (see Record ID#59895).
Sources & References
- Djibouti : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti
- Infrastructures & Investments in Ports
- Free Zones and Maritime related Business Activities
- Djibouti: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Djibouti
- 吉布提港将成未来投资热土
- Ethiopia and Djibouti signed deal to build gas pipeline
- IMF Correspondence re- Djibouti-Galileh Road
- Damejog Port Crud…l Airport in Obock
- Towards a Globally Integrated Infrastructure Framework 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 Djibouti
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