China Exim Bank $16.7M to Rio Grande Container Terminal Expansion
Commitment amount
$ 25083567.80618903
Adjusted commitment amount
$ 25083567.80618903
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Brazil
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
Yes
Category
Project lifecycle
Description
On October 15, 2009, the China Export-Import Bank signed a financing agreement with Wilsons Sons Limited for the expansion of the Rio Grande Container Terminal in Tecon, South Brazil, 420km from Porto Alegre (-32.0666° / -52.0666° LATITUDE / LONGITUDE). The agreement is $16.66 million Buyer's Credit Loan (BCL) agreement to finance 85% of the acquisition of two ship-to-shore (STS) and four rubber-to-gentry (RTG) cranes from the Chinese producer Shanghai Zhenhua Heavy Industries Co., Ltd (ZPMC). The new equipment was expected to be delivered in early 2011 and to raise capacity at Wilson Sons Limited's Rio Grande container terminal. It would have increased the number of ship-to-shore cranes to 6 and the number of rubber-typed gantry cranes to 8 at the Rio Grande container terminal. The status of the project is cancelled because as of 2019, this project was reported to be canceled, and it is unclear if this project went beyond initial agreements.
Additional details
Wilson Sons Limited is a Brazilian shipping company headquartered in Hamilton, Bermudas.
Number of official sources
2
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Wilson Sons Limited [Private Sector]
Implementing agencies [Type]
Shanghai Zhenhua Heavy Industries Co., Ltd [State-owned Company]