Overview

China provides 2.6 billion CFA interest-free loan to Central African Republic for mobile vehicle inspection systems (ETCA)

Commitments (Constant USD, 2023)$7,641,613

Commitment Year•2009Country of Activity•Central African RepublicDirect Recipient Country of Incorporation•Central African RepublicSector•Trade Policies And RegulationsFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 30, 2009

Start (actual): Nov 30, 2009

End (actual): May 17, 2010

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

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

Government of the Central African Republic

Implementing agencies

State-owned companies

Nuctech Company Limited (Tongfang Vision Technology Co., Ltd.)

Loan description

China provides 2.6 billion CFA interest-free loan to Central African Republic for mobile vehicle inspection systems (ETCA)

Interest rate (t₀)•0%Interest type•Fixed Interest Rate

Narrative

Full Description

Project narrative

On November 30, 2009, the Chinese Government and the Government of Central African Republic signed an interest-free loan agreement worth 2.6 billion CFA to purchase mobile container/vehicle testing equipment. The purpose of the equipment was to help CAR customs officials curb smuggling activities and thereby increase customs revenue. Nuctech Company Ltd. was the contractor responsible for implementation. The equipment was successfully delivered to CAR’s Ministry of Finance and Budget on May 17, 2010.

Staff comments

The Chinese project title is 两套集装箱检测设备. The French project title is Deux systèmes d’inspection mobile de conteneurs véhicules.