“China also wanted to give the Republic of South Sudan $ 1 billion to $ 2 billion through the Exim bank of China,” Dau said, explaining that $ 40 million of the grant will be used to develop the oil and mining industry in the fledgling nation.
He said his government and China “are negotiating the terms of that loan which will be channeled basically to finance major infrastructure projects like roads, electricity, and also agriculture and investment in the potential industry like sugar and cement projects.”
China is one of the largest investors in the South Sudan’s oil industry. Dhieu said the offer is one of the latest China’s support to South Sudan, commending it will offer China several investment opportunities in the country.
The Government of the People’s Republic of China had in June pledged to support efforts towards finding solutions to the oil problems between Sudan and South Sudan when China’s outgoing ambassador Li Zhiguo held a meeting with Dr. Benjamin Marial, then South Sudan’s Minister for Information and Broadcasting.