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Overview

China Eximbank provides RMB 120 million government concessional loan for Container and Vehicle Inspection Equipment Project

Commitments (Constant USD, 2023)$24,369,172
Commitment Year•2009Country of Activity•Syrian Arab RepublicDirect Recipient Country of Incorporation•Syrian Arab RepublicSector•Trade Policies And RegulationsFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Sep 7, 2009
Start (actual)
Jan 1, 2007
End (actual)
Dec 31, 2009

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of the project was to purchase and install five customs (x-ray and THSCAN) scanners in the Port of Lattakia, the Port of Tartous, and the Daraa Border Crossing. More detailed locational information can be found at https://www.openstreetmap.org/way/722818042#map=14/35.5234/35.7701 and https://www.openstreetmap.org/way/647431466 and https://www.openstreetmap.org/way/160479740.

Stakeholders

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

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Syria

Implementing agencies

State-owned companies

  • Nuctech Company Limited (Tongfang Vision Technology Co., Ltd.)

Loan desecription

China Eximbank provides RMB 120 million government concessional loan for Container and Vehicle Inspection Equipment Project

Interest type•Unknown

Narrative

Full Description

Project narrative

On September 7, 2009, the Export-Import Bank of China Eximbank signed an RMB 120,000,000 (or approximately $17,664,000 USD) government concessional loan (GCL) agreement with the Government of Syria for the Container and Vehicle Inspection Equipment Project. The borrowing terms of this loan are unknown. The proceeds of the loan were to be used by the borrower to finance a commercial contract with Nuctech Company, Ltd. The purpose of the project was to purchase and install five customs (x-ray and THSCAN) scanners. The scanners were earmarked for use in the Port of Latakia, the Port of Tartous (Tartus), and the Daraa Border Crossing. Nuctech Company, Ltd. was the contractor responsible for implementation. According to a dataset of foreign-financed projects that the Syrian Planning Commission (SPC) provided to UNDP Syria in May 2011, this project commenced on January 1, 2007 and ended on December 31, 2009. The first scanner arrived in early 2008.

Staff comments

1. This project is also known as the Project of Purchasing THSCAN, X-RAY Container/Vehicle Inspection System and the Purchasing Five Instruments for Containers Inspection Project. The Arabic project title is مشروع شراء خمسة أجهزة للكشف على الحاويات or عقد لتوريد 5 أجهزة كشف على الحاويات.