Chinese government grants NZ$ 11,000,000 for Outer Islands Heavy Machinery project stages 1 and 2
Commitment amount
$ 10172882.97364547
Adjusted commitment amount
$ 10172882.97
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Cook Islands
Sector
Industry, mining, construction (Code: 320)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Description
On June 6, 2014, Wang Lutong, Ambassador to the Cook Islands in New Zealand, signed a letter of exchange for Chinese assistance for the Cook Islands Outer Island Heavy Machinery Equipment Project on behalf of their respective governments in Wellington. On October 10th, 2014, Richard Neves, the Secretary of Finance for Cook Islands, and Zhao Zhonging, the Vice President of the China Civil Engineering Construction Corporation (CCECC), met in Rarotonga to sign a deal to give Cook Islands' outer islands heavy machinery. The arrangement was financed by a grant from the Chinese government, and the machinery was sourced from the Peoples Republic of China. The Chinese Government's grant for providing Outer Islands Heavy Machinery for Stage 1 and Stage 2 is worth NZ $11 million. In January 2015, the Cook Islands received the new heavy machinery, including excavators, rollers, graders and loaders, for the Pa Enua (the Outer Islands). According to "China Gives Cooks More Than $7 Million In Machinery, Equipment," the machinery was handed over to the Cook Islands on January 28th, 2015, training will be provided for the operators, and the machinery will be sent to the Outer Islands in March.
Number of official sources
8
Number of total sources
10
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Cook Islands [Government Agency]
Implementing agencies [Type]
China Civil Engineering Construction Corporation (CCECC) [State-owned Company]
Government of Cook Islands [Government Agency]