China Eximbank provides $8.9 million concessional loan for Container Inspection Equipment Supply and Maintenance Project
Commitment amount
$ 13411955.400441937
Adjusted commitment amount
$ 13411955.4
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Eritrea
Sector
Trade policies and regulations (Code: 330)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In 2009, China Eximbank and the Government of Eritrea signed a $8,929,338.00 concessional loan agreement for the Container Inspection Equipment Supply and Maintenance Project. The borrowing terms of this loan are unknown. The purpose of the project was to facilitate the acquisition and maintenance of THSCAN X-Ray baggage inspection and container/vehicle inspection equipment. According to China’s Ministry of Foreign Affairs, the President of the Export-Import Bank of China Li Ruogu visited Eritrea in July 2010 to inspect the implementation progress of the project.
Additional details
1. This project is also known as the THSCAN X-Ray Baggage Inspection System and Container/Vehicle Inspection System Project. The Chinese project title is 集装箱检测设备. 2. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. 3. The face value and commitment year of the loan are drawn from the World Bank’s Debtor Reporting System.
Number of official sources
6
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Eritrea [Government Agency]
Implementing agencies [Type]
Government of Eritrea [Government Agency]