CAMCE pledges $33 million supplier’s credit for Palawan Fish Port Construction Project
Pledged amount
$ 65239708.18
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Chinese Agricultural, Machinery and Engineering Corporation (CAMCE Corp.) [State-owned Company]
Recipient
Philippines
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Supplier's Credit/Export Seller's Credit
Concessional
Vague
Category
Project lifecycle
Description
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.
Additional details
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.
Number of official sources
0
Number of unofficial sources
4
Details
Cofinanced
No
Receiving agencies [Type]
Philippine Department of Agriculture (DA) [Government Agency]
Loan type
No Information
Gurarantee provided
No
Insurance provided
No