Project ID: 54868

China funds Cuba Biotechnology Industry Base

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Cuba

Sector

Industry, mining, construction (Code: 320)

Flow type

Vague TBD

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-01-01

Description

In November 2014, a China-Cuba biotechnology industry base was set up in Wuhan National Bioindustry Base (also known as Biolake). The project has a total investment of 500 million yuan. After completion, it is expected to produce 60 million liquid preparations, 600 million tablets, 600 million capsules, and high-end APIs.500 kg annually. The exact Chinese investment amount is unknown. This project is supported by Hubei Province.

Number of official sources

2

Number of total sources

2

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Details

Cofinanced

No