China has agreed to loan South Sudan eight billion dollars for infrastructure development, Juba government spokesman Barnaba Mariel Benjamin said Saturday.
“It will fund roads, bridges, hydropower, agriculture and telecommunications projects… within the next two years”, he said, giving details of a visit this week to China by South Sudan’s President Salva Kiir.
“Details (of the projects) will be defined by the ministers of the two countries and by the Chinese firms in charge of the work,” the spokesman said.
China is the largest purchaser of oil from South Sudan and is also a longstanding business partner of Sudan from which it also buys oil.
As a result of independence the south took with it about 75 percent of the formerly united Sudan’s oil production worth billions of dollars.
win win win for China