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Overview

China uses December 2009 ETCA to finance Channel Bridge survey project in Micronesia (Linked to Record ID#40002)

Commitments (Constant USD, 2023)$91,384
Commitment Year•2009Country of Activity•MicronesiaDirect Recipient Country of Incorporation•MicronesiaSector•Transport And StorageFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 31, 2009
Start (actual)
Oct 14, 2011

Geospatial footprint

Map overview

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The purpose of the project is to finance the Channel Bridge survey project in Micronesia. More detailed location information can be found at:https://www.openstreetmap.org/relation/3819480

Stakeholders

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

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Trust Fund of the Federal States of Micronesia

Loan description

China uses December 2009 ETCA to finance Channel Bridge survey project in Micronesia (Linked to Record ID#40002)

Narrative

Full Description

Project narrative

On December 31, 2009, the Chinese Ambassador and Micronesian Secretary of Foreign Affairs signed an economic and technical cooperation agreement (ETCA) granting 450,000 RMB to the Government of Micronesia. According to Congressional Resolution No. 17-71, on 14 October 2011, both parties agreed to use these funds to finance the cost of a survey project for constructing Channel Bridge (or Okat Bridge or Kosrae Bridge or 科斯雷州大桥) in Okat, Kosrae. According to a Chinese Foreign Ministry press release, this project was completed. The Chinese-financed Channel Bridge was eventually built between 2014 and 2016 (#40002).