Skip to content
AidData logo

Overview

CAMCE pledges $33 million supplier’s credit for Palawan Fish Port Construction Project

Commitments (Constant USD, 2023)$69,423,298
Commitment Year•2004Country of Activity•PhilippinesDirect Recipient Country of Incorporation•PhilippinesSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Sep 1, 2004

Stakeholders

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

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned companies

  • China CAMC Engineering Co., Ltd. (CAMCE)

Receiving agencies

Government Agencies

  • Philippine Department of Agriculture (DA)

Loan desecription

CAMCE pledges $33 million supplier’s credit for Palawan Fish Port Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In September 2004, Premiumware, a subsidiary of the state-owned Chinese Agricultural, Machinery and Engineering Corporation (CAMCE), agreed in principle to provide a $33 million supplier credit (loan) to the Philippine Department of Agriculture to develop a modern fish port with freezing and processing facilities in Palawan Province. The present status of this project is unknown.

Staff comments

AidData has not identified any evidence that a supplier credit (loan) agreement was ever finalized, which is why the supplier credit agreement is coded as pledge.