CATIC provides $16.2 million supplier credit for Container Scanner Acquisition Project
Commitment amount
$ 40598368.53375117
Adjusted commitment amount
$ 40598368.53
Constant 2021 USD
Summary
Funding agency [Type]
China National Aero-Technology Import & Export Corporation (CATIC) [State-owned Company]
Recipient
Zimbabwe
Sector
Trade policies and regulations (Code: 330)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
On 20 December, 2002, China National Aero-Technology Import and Export Corporation (CATIC,中国航空技术进出口公司) and the Government of Zimbabwe signed a $16,242,889 supplier credit agreement for a Container Scanner Acquisition Project. The proceeds from this agreement were used to facilitate the Zimbabwe Revenue Authority (ZIMRA)’s acquisition of container scanners from Nuctech (a Chinese container inspection system manufacturer). The ultimate purpose of this project was to guard against the entry and exit of undeclared goods. ZIMRA officials announced that the container inspection equipment would reduce the time spent on checking cargo being imported and exported from the country from several days to a matter of seconds. In 2003 and 2004, three mobile scanners were delivered. Then, on 19 July, 2005, two additional scanners (PB2028 palletised container inspection equipment) were delivered. These scanners were reportedly put to use at Harare International Airport, Joshua Mquabuko Nkomo International Airport in Bulawayo, and Beitbridge Border Post. The third scanner was said to be expected to be delivered by the end of 2005.
Number of official sources
2
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Zimbabwe [Government Agency]
Indirect receiving agencies [Type]
Zimbabwe Revenue Authority (ZIMRA) [Government Agency]
Implementing agencies [Type]
China National Aero-Technology Import & Export Corporation (CATIC) [State-owned Company]
Nuctech Company Limited (Tongfang Vision Technology Co., Ltd.) [State-owned Company]