$423 million of Chinese financing of the purchase of 11 boats to Argentina
Pledged amount
$ 468301282.8857906
Adjusted pledged amount
$ 468301282.8857906
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]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Argentina
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On July 18, 2014, during Chinese president Xi Jinping's visit to Argentina, an agreement was signed for Chinese financing of the purchase of 11 vessels for 423 million USD. The vessels are specifically to be used to "modernize and equip" the Argentine government to better navigate its inland rivers. It was also reported that a MoU for the purchase of 35 ships was signed in the same time period for 423 million USD (Memorándum de financiamiento para 35 barcos incluidos dragas). It is unclear if the two are referring to the same project. The recipient is the government of Argentina
Number of official sources
3
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Argentina [Government Agency]