China provides 2.6 billion CFA interest-free loan to Central African Republic for mobile vehicle inspection systems (ETCA)
Commitment amount
$ 8273360.562906236
Adjusted commitment amount
$ 8273360.56
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Central African Republic
Sector
Trade policies and regulations (Code: 330)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
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.
Number of official sources
4
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of the Central African Republic [Government Agency]
Implementing agencies [Type]
Nuctech Company Limited (Tongfang Vision Technology Co., Ltd.) [State-owned Company]
Loan Details
Interest rate
0.0%