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Overview

Chinese Government provides RMB 132 million loan for acquisition of gantry cranes

Commitments (Constant USD, 2023)$35,908,961
Commitment Year•2003Country of Activity•DjiboutiDirect Recipient Country of Incorporation•DjiboutiSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 1, 2003

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 Djibouti

Implementing agencies

Government Agencies

  • Djiboutian Ministry of Economy and Finance

Loan description

Chinese Government provides RMB 132 million loan for acquisition of gantry cranes

Interest type•Unknown

Narrative

Full Description

Project narrative

In November 2003, the Chinese Government provided a loan worth RMB 132,096,618 (approximately 2.817 billion DJF) to the Government of Djibouti for the acquisition of new gantry cranes. According to a 2005 publication from the Djibouti's Ministry of Economy (p. 2), 100% of the loan was drawn down by the borrower. The borrowing terms of the loan are unknown. Implementation details are also unavailable.

Staff comments

The French project title is Acquisition de nouveaux portiques. The loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020; however, it is included in official reporting by the Government of Djibouti.