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Overview

China Eximbank provides $8.9 million concessional loan for Container Inspection Equipment Supply and Maintenance Project

Commitments (Constant USD, 2023)$12,387,829
Commitment Year•2009Country of Activity•EritreaDirect Recipient Country of Incorporation•EritreaSector•Trade Policies And RegulationsFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2009

Stakeholders

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

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Eritrea

Implementing agencies

Government Agencies

  • Government of Eritrea

Loan description

China Eximbank provides $8.9 million concessional loan for Container Inspection Equipment Supply and Maintenance Project

Interest type•Unknown

Narrative

Full Description

Project narrative

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.

Staff comments

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.