Over 700 Million Dollars from China to Sudan within a Week
22 December, 2014Khartoum (Sudanow) - Chinese government offered Sudan 250 million yuan (40 million dollar) of which 150 million is a grant while the remainder is an interest-free loan, according to an agreement, signed Sunday, at the Ministry of Finance and National Economy.
Badr Eddin Mahmoud, the Minister of Finance and National Economy, said the agreement reflects the firm relations linking Sudan and China, and stands as model to be copied for the South-South Cooperation.
The minister explained that the coming period would focus on minerals, mainly oil and gold, exploration, inviting China to further increase its investment in these fields in the Sudan.
He said a field worth mentioning for Chinese investment is that of productive sectors, calling on Beijing to participate in the free zones the Sudan plans to expand particularly at the borders with South Sudan and Chad, with the view to have access more to the vast African markets, COMESA in particular.
The Chinese ambassador to Khartoum, Li Lian He, affirmed his country’s resolve to exert utmost efforts to support Sudan economically and internationally.
It is to be recalled that a 700 million dollar-agreement was signed a week ago in Beijing towards funding the construction of a new Khartoum international airport. The preferential loan has a 20-year grace period and a profit margin of 2.5 per annum.
AS/ MO
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