China Eximbank provides RMB 120 million government concessional loan for Container and Vehicle Inspection Equipment Project
Commitment amount
$ 26383818.92220197
Adjusted commitment amount
$ 26383818.92
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Syria
Sector
Trade policies and regulations (Code: 330)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On September 7, 2009, China Eximbank and the Government of Syria signed an RMB 120,000,000 (or approximately $17,664,000) government concessional loan (GCL) agreement 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 Lattakia, 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.
Additional details
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.
Number of official sources
3
Number of total sources
9
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Syria [Government Agency]
Implementing agencies [Type]
Nuctech Company Limited (Tongfang Vision Technology Co., Ltd.) [State-owned Company]