China Eximbank provides RMB 60 million loan for Aquaculture Farm Project
Commitment amount
$ 18600900.043443058
Adjusted commitment amount
$ 18600900.04
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Mozambique
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2001, China Eximbank and SOL&MAR, Co., Ltd. signed an RMB 60 million loan for an Aquaculture Farm Project in Mozambique. The borrowing terms of the loan are unknown. The project, which had a total investment cost of $12.42 million, involved the construction of a 500 hectare aquaculture farm in Beira City. The farm included a 170 hectare shrimp pond, 1 cold storage processing factory, 1 pumping station, 1 subsidiary office and 1 living area. SOL&MAR, Co., Ltd, a wholly-owned subsidiary of Weihai International Economic and Technical Cooperative Co., Ltd., was established to facilitate the implementation of this project. Construction of the shrimp pond started in October 2000 and ended in October 2002.
Additional details
1. The Chinese project title is 在莫水产养殖项目 or 威海国际水产养殖项目. 2. Some sources identify the face value of the loan as $12.42 million.
Number of official sources
7
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
SOL&MAR, Co., Ltd [Joint Venture/Special Purpose Vehicle]