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China Eximbank provides $237.8 million preferential buyer’s credit for Jenelata Dam Construction Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Indonesia |
| Country | Indonesia |
| Start Date | Sep 06, 2023 |
| End Date | Dec 04, 2033 |
| Duration | 3,742 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 61152 |
Grant Description
China Eximbank provides $237.8 million preferential buyer’s credit for Jenelata Dam Construction Project In 2016, the Chinese Government reportedly signaled interest in issuing a loan for the construction of Jenelata Dam.
Then, on May 7, 2018, the China International Development Cooperation Agency (CIDCA) and the Ministry of Public Works and People's Housing (PUPR) of Indonesia signed letters of exchange for the design of the Jenelata Dam Construction Project.
On September 6, 2023, China Eximbank and the Government of Indonesia signed a $237,862,000 preferential buyer’s credit (PBC) agreement for the Jenelata Dam Construction Project.
The borrower is expected to use the proceeds of the loan to partially finance a $290 million commercial contract between China CAMC Engineering Co Ltd (CAMCE) and the Ministry of Public Works and Housing of Indonesia, which was signed on June 29, 2022.
The purpose of the project is to construct a 1,525-meter-long and 62.8-meter-high dam (known as ‘Jenelata Dam’) in Manyampa Village within Gowa District and South Sulawesi Province, creating a reservoir with a capacity of 285 million cubic meters with capacity to to irrigate 24,400 hectares of soil.
The dam's expected benefits include not only improved agricultural irrigation but also enhanced flood prevention. CAMCE is the EPC contractor responsible for implementation. On November 1, 2023, it received advance payment from the project owner, which officially started construction. Then, on December 19, 2023, a formal groundbreaking ceremony took place.
The project was originally scheduled to reach completion within 56 months (July 1, 2028). As of July 2024, the project was still expected to be completed in 2028.
Staff Comments
- The Chinese project title is 印尼杰那拉塔大坝建设项目 or 杰纳拉塔水坝工程.
- The loan's borrowing terms are drawn from the World Bank's Debtor Reporting System (DRS). See https://www.dropbox.com/scl/fi/stbsondlzk05t09z7xf7z/Indonesia-s-official-sector-PRC-borrowings-and-borrowing-terms-IDS-December-2024.xlsx?rlkey=9ndf1pbfb7b5le5j55po2i69x&dl=0
Sources & References
- Joint statement by the Government of the People's Republic of
- Indonesia And China Sign Agreements For Infrastructure Development
- Infrastructure: Project financing offered to China
- Full text of China-Indonesia joint statement
- Jenelata Dam
- 中华人民共和国政府和印度尼西亚共和国政府联合声明
- 商务部国际经济合作事务局援印尼杰那拉塔等两个水坝工程可行性研究项目公开招标公告
- 中国将供贷4.5万亿盾 用于印尼建造四座多功能水坝
- China to Finance 9 Infrastructure Projects
- List of Planned Priority External Loans 2019
- China and Indonesia sign dam building contract worth $290 million
- List of Priority External Loans
- 中工国际签署印尼杰那拉塔大坝建设项目合同
- President of the Republic of Indonesia holds Bilateral Meeting with China Premier
- Sinomach's CAMCE secures dam construction deal with Indonesia
- 中工国际签署印尼杰那拉塔大坝建设项目联营体实施协议
- 中工国际(002051.SZ)：中国进出口银行与印度尼西亚财政部签署印度尼西亚杰那拉塔大坝建设项目贷款协议
- 中工国际(002051.SZ)：中国进出口银行与印度尼西亚财政部签署印度尼西亚杰那拉塔大坝建设项目贷款协议
- President of the Republic of Indonesia holds Bilateral Meeting with China Premier
- Pembangunan Bendungan Jenelata Gowa Tungggu Persetujuan China
- Sinomach CAMCE commences Jenelata Dam Project, boosting Indonesia's infrastructure development
- Indonesia: South Sulawesi regional government begins construction of Jenelata Dam
- The groundbreaking ceremony of Jenelata Dam Construction Project in Indonesia was he;d
- Groundbreaking Pembangunan Bendungan Jenelata Kabupaten Gowa
- 一带一路
- 印尼杰那拉塔大坝建设项目开工典礼成功举行
- 中企与印尼签署杰那拉塔大坝建设项目合同
- 中工国际(002051.SZ)：印度尼西亚杰那拉塔大坝建设项目正式开工建设
- 印尼杰那拉塔大坝建设项目开工典礼成功举行
- 中工国际(002051.SZ)：中国进出口银行与印度尼西亚财政部签署印度尼西亚杰那拉塔大坝建设项目贷款协议
- Indonesia's official sector PRC borrowings and borrowing terms IDS December 2024
- IDS Official Sector and Private Sector PRC Loan Commitments in 2023
- CLIMATE RESILIENCE FUNDING
- Jenelata Dam boosts flood control and water security in Makassar: PUPR
- Green Infrastructure Investment Opportunities
- Construction of Jenelata Dam to bolster flood control in Makassar begins
- 第三届“一带一路”国际合作高峰论坛务实合作项目清单 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.
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Government of Indonesia
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