China Eximbank loans RMB 350 million for the Non-intrusive Container Scanner Acquisition Project

On December 23, 2009, China Eximbank and the Government of Zambia signed a RMB 350 million (about USD $45.8 million) loan agreement for the Non-intrusive Container Scanner Acquisition Project. The loan terms are as follows: 2% interest rate, 15-year maturity period, 5-year grace period, 0.5% commitment fee, and 0.75% management fee (see source ID 16238 p. 63). On March 21, 2013, the Government of Zambia signed a subsidiary loan agreement on-lending the proceeds of this loan to Zambia Revenue Authority (see source ID 117178 p. 383). The purpose of this project was to acquire four non-intrusive container scanners. Nuctech was the contractor responsible for project implementation. It successfully delivered the four scanners and installed them at the Nakonde border, but the precise delivery date is unknown. In 2011, a commission of inquiry was organized and it questioned the wisdom of the Government of Zambia’s decision to select Nuctech through a sole-source procurement process.

Number of official sources

7

Number of unofficial sources

2