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Overview

Chinese Government provides RMB 6 million grant to Government of Malta for Malta Drydocks in 2002

Commitments (Constant USD, 2023)$1,673,490
Commitment Year•2002Country of Activity•MaltaDirect Recipient Country of Incorporation•MaltaSector•Industry, Mining, ConstructionFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 1, 2002

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Malta

Loan description

Chinese Government provides RMB 6 million grant to Government of Malta for Malta Drydocks in 2002

Narrative

Full Description

Project narrative

In 2002, the Chinese Government provided a RMB 6 million grant to the Government of Malta. The grant was intended to provide for equipment for Malta Drydocks, specifically the 300,000-Ton Dry Dock and Quay. The commitment for the grant began with signed letters of exchange between the Chinese Government and the Government of Malta in August 2002 and September 2002. Each of the two agreements included a separate commitment to a RMB 3 million grant. The grant was used by Malta Drydocks to purchase materials for the 300,000-Ton Dry Dock and Quay that included frequency changers, a switchgear, a cable, balancing a machine, an emergency diesel generator set, an overhead magnetic crane for the steel yard and a section bender. Some portion of the funding was also used to finance a new dredging project at Marsa.

Staff comments

1. The 300,000-Ton Dry Dock and Quay Construction Project was supported by the Chinese Government through an RMB 100 million interest-free loan. It was implemented by COMPLANT (a Chinese state-owned enterprise) between January 1975 and in September 1980. 800 Chinese technicians, engineers and workers participated in the construction of the dry dock and quay. With a total capacity of 300,000 tons, the so-called “No. 6 dry dock” (or “Red China Dock”) is not only the largest dock in Malta, but also one of the largest in the Mediterranean region. It has become a symbol of Sino-Maltese friendship.