Project ID: 34442

China provides RMB 180 million grant for acquisition of Harbin Y-12E and MA60 aircrafts (Linked to Project #34441)

Commitment amount

$ 33022756.155988924

Adjusted commitment amount

$ 33022756.16

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Nepal

Sector

Transport and storage (Code: 210)

Flow type

Grant

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2013-11-28

Actual start

2013-11-28

Actual complete

2014-04-28

Geography

Description

On November 28, 2013, Nepal signed an economic and technical cooperation agreement (ETCA) with China to procure and purchase six China-made airplanes. According to the deal, Nepal agreed to acquire two aircrafts — a 19-seater Harbin Y-12E and a 58-seater Modern Ark 60 (MA60) — with an RMB 180 million (about Rs 2.98 billion) Chinese Government grant (project #34442) and to acquire three Harbin Y12E and a MA60 with a RMB 218.8 million China Eximbank concessional loan (project #34441). The Chinese Government grant is equal to about Rs 2.98 billion or $27,900,000 On April 28, 2014, the delivery ceremony of the Chinese MA60 aircraft was held in Kathmandu. Chairman of AVIC International [中国航空技术国际控股有限公司] Wu Guangquan [吴光权], and Nepal Airlines General Manager Karel [卡雷尔] signed the MA60 aircraft technical transfer documents [新舟60飞机技术移交文件]. Then, in November 2014, Harbin Aircraft Manufacturing Corporation (now called the Harbin Aircraft Industry Group Co. Ltd.) officially handed over the first of the Y12-Es, 9N-AKS, to NAC at a ceremony held in Kathmandu. According to a 2018 report from the Government of Nepal’s Auditor General, these aircrafts were operating domestic flights, but the NAC was incurring financial losses from the operation of the aircrafts. In 2019, the International Relations Committee of the Federal House of Representatives issued a directive to the Government of Nepal to sell the loss-making aircrafts.

Number of official sources

11

Number of total sources

24

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Nepal [Government Agency]

Implementing agencies [Type]

Nepal Airlines Corporation (NAC) [State-owned Company]

AVIC International Holding Corporation [State-owned Company]