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Overview

Chinese Government provides $2.7. million grant for Oil Palm Technical Cooperation Project

Commitments (Constant USD, 2023)$5,066,593
Commitment Year•2006Country of Activity•VanuatuDirect Recipient Country of Incorporation•VanuatuSector•Agriculture, Forestry, FishingFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Apr 5, 2006
Start (actual)
Jan 1, 2007
End (actual)
Jun 1, 2009

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Vanuatu

Implementing agencies

Miscellaneous Agency Types

  • China Academy of Tropical Agricultural Sciences

Loan description

Chinese Government provides $2.7. million grant for Oil Palm Technical Cooperation Project

Narrative

Full Description

Project narrative

On 5 April 2006, the governments of China and Vanuatu signed the agreement “Assisting of cooperation of Vanuatu palm technology project." During the same year, China’s Ministry of Commerce (MOFCOM) provided a $2.7 million grant to the Government of the Republic of Vanuatu for the Oil Palm Technical Cooperation Project. The purpose of this project was to provide oil palm seeds, cultivate oil palm seedlings on a 5,000 hectare plantation in South Santo, and train government officials and farmers. The ultimate objective was to develop oil palm industry in Vanuatu. China Academy of Tropical Agricultural Sciences was the contractor responsible for implementation. The project commenced in January 2007 and it was officially completed and handed over to the local authorities in June 2009. The Government of the Republic of Vanuatu and the Chinese Government also established a joint venture called Vanuatu Palm Oil Ltd., (VPO) to further development the country’s fledgling oil palm industry.

Staff comments

This project is also known as the Oil Palm Project, the Palm Oil Project, the Palm Technology Project, and the Palm Oil Technical Cooperation Project. The Chinese project title is 瓦努阿图棕榈树种植技术合作项目.