China uses December 2008 ETCA to finance Yap or Hapilmohol-1 cargo-passenger ship repair project in Micronesia (Linked to #40029, ETCAs #73403, #73613)

China originally built and donated two ships to Micronesia: Chief Mailo in 2004 (#64190) and Hapimohol 1 in 2007 (#40029). Both needed repair within a few years. China funded the repair of Chief Mailo in 2010 (#40012) and the repair of Hapimohol 1 in 2012. This project captures Chinese financing for the repair of Hapimohol 1 or Yap vessel. On 26 December 2008, the Chinese Ambassador and Micronesian Secretary of Foreign Affairs signed an economic and technical cooperation agreement (ETCA #73613) granting an unspecified amount for, at the time, unspecified purposes. According to a press release from the Government of Micronesia, on 17 June 2010, the same government officials followed up with this ETCA by signing an exchange of letters allocating the funds to maintenance of the Yap cargo-passenger vessel. The other ETCA financing this repair project is captured in project #73403. Wuhan Nanhua High-speed Shipping Co., Ltd. carried out maintenance and repair on the Hapimohol 1 or Yap vessel. After returning to the Yap commercial dock on 6 January 2012, the official handover ceremony marking project completion took place on 9 January 2012.

Number of official sources

5

Number of total sources

6