China grants 3.85 million RMB to Micronesia for 15 vehicles (Linked to ETCA #65035)
Commitment amount
$ 687432.6744178769
Adjusted commitment amount
$ 687432.67
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Micronesia
Sector
Transport and storage (Code: 210)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Description
On September 18, 2015, the Chinese Ambassador and Micronesian Secretary of Foreign Affairs signed an economic and technical cooperation agreement (ETCA #65035) worth $10.25 million USD. According to the Lowy Institute, part of this ETCA was spent on 15 vehicles. The total value of this donation is 3.85 million RMB or $605,444.48 USD. This grant agreement was formally accepted by the Government of Micronesia on November, 20, 2015. According to a document from the Federated States of Micronesia's (FSM) 19th Congress, 14 vehicles were set for delivery in Pohnpei and one car would go to Beijing for FSM Embassy officials' use. The grant also allowed China to pay shipping expenses, including freight and insurance, while FSM was responsible for customs, transport, and delivery expenses en route to Pohnpei. AidData did not find any evidence on whether the vehicles were actually delivered.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Micronesia, Federated States of [Government Agency]