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Overview

Chinese Government provides $3.2 million loan for provision of a container scanner

Commitments (Constant USD, 2023)$5,317,007
Commitment Year•2007Country of Activity•SurinameDirect Recipient Country of Incorporation•SurinameSector•Trade Policies And RegulationsFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 24, 2007
End (planned)
Aug 1, 2008
End (actual)
Jan 15, 2009
First repayment (originally scheduled)
Dec 31, 2009
Last repayment (originally scheduled)
Dec 29, 2016

Geospatial footprint

Map overview

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This project involved the installation of a container scanner at Suriname's main port, Nieuwe Haven. More detailed locational information can be found at https://www.openstreetmap.org/way/444484424

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

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Suriname

Implementing agencies

Government Agencies

  • Government of Suriname
  • Suriname Inspectorate for Customs and Excise

State-owned companies

  • Nuctech Company Limited (Tongfang Vision Technology Co., Ltd.)

Loan description

Chinese Government provides $3.2 million loan for provision of a container scanner

Grace period•3 yearsGrant element•35.8054%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•10 years

Narrative

Full Description

Project narrative

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.