Chinese Government provides $3.2 million loan for provision of a container scanner
Commitment amount
$ 5757646.02522912
Adjusted commitment amount
$ 5757646.03
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Suriname
Sector
Trade policies and regulations (Code: 330)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
On December 24, 2007, the Chinese Government issued a $3.2 million loan to the Government of Suriname for the purchase and provision of an X-ray container scanner to be used at Suriname's main port, Nieuwe Haven. This loan reportedly carried a maturity of 10 years, a 2% interest rate, and a 3 year grace period. Upon completion of the project, it was expected that the capacity of the port would increase significantly (from as baseline of 60-120 containers each day), as scanning a container with the new inspecting system will take less than 10 minutes. The scanner was delivered by Nuctech Co Ltd, and was installed on January 15, 2009, although it was expected in August 2008.
Number of official sources
4
Number of total sources
8
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Suriname [Government Agency]
Implementing agencies [Type]
Nuctech Company Limited (Tongfang Vision Technology Co., Ltd.) [State-owned Company]
Government of Suriname [Government Agency]
Suriname Inspectorate for Customs and Excise [Government Agency]
Loan Details
Maturity
10 years
Interest rate
2.0%
Grace period
3 years
Grant element (OECD Grant-Equiv)
24.7514%