Chinese Government grants Cook Islands NZ $1.5 million for Agricultural and Mechanical Equipment Project
Commitment amount
$ 1387211.314588019
Adjusted commitment amount
$ 1387211.31
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Cook Islands
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Description
In 2013, China granted the Cook Islands NZ $1.5 million for the Agricultural and Mechanical Equipment Project. The project is part of the Cook Islands Government initiative to "revitalize agricultural production......in an effort to reduce importation of products and increase self-reliance and increase economic empowerment, especially in the Outer Islands". Foton Lovol International Heavy Industry Corporation won the contract to supply 60 agricultural and construction machinery to the Cook Islands. According to "Cooks Receive $1.5M Chinese Ag Machinery Gift," letters of exchange and a handover ceremony for the equipment was held on October 22, 2015, and "All machines apart from one, which will be used by the Ministry of Agriculture, will go to the Pa Enua (Outer Islands)."
Number of official sources
3
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Cook Islands [Government Agency]
Implementing agencies [Type]
Shandong Foton Heavy Industries [Private Sector]