Chinese Government provides RMB 132 million loan for acquisition of gantry cranes
Commitment amount
$ 38877848.883872755
Adjusted commitment amount
$ 38877848.88
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Djibouti
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
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.
Number of official sources
2
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Djibouti [Government Agency]
Implementing agencies [Type]
Djiboutian Ministry of Economy and Finance [Government Agency]