China Eximbank pledges $83 million loan for development of port and marina in St. Patrick
Pledged amount
$ 126540631.52177122
Adjusted pledged amount
$ 126540631.52177122
Constant 2021 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]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Grenada
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
In February 2008, China Eximbank pledged to provide an $83 million loan to the Government of Grenada for the development of a port and marina in St. Patrick. The plans for this project were approved by the Government of Grenada government. However, there is no evidence that this pledge materialized into an actual loan commitment. In the International Monetary Fund's publication on November 4, 2008 regarding Grenada's economic performance the loan was described as concessional, though there had not been a commitment yet.
Number of official sources
2
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Grenada [Government Agency]
Implementing agencies [Type]
China State Construction Engineering Corporation (CSCEC) [State-owned Company]