Chinese Government provides RMB 82 million grant for Vehicle Container Inspection Systems Project
Commitment amount
$ 14641423.19539374
Adjusted commitment amount
$ 14641423.2
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Bangladesh
Sector
Trade policies and regulations (Code: 330)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Geography
Description
On May 24, 2015, under an Economic and Technical Cooperation Agreement (ETCA), China signed two Letters of Exchange amounting to an 82 Million RMB grant to Bangladesh to procure 4 sets of Vehicle Mobile Container Inspection systems for the National Board of Review(NBR) under the Internal Resources Division, Ministry of Finance. The purpose of the vehicle Inspection system is to reduce the inspection time of import and export goods, therefore increasing the efficiency of custom officials and decreasing the trading cost of business. The system will also help to reduce tax evasion. The scanners will be installed in customs houses in Chittagong and Mongla seaports and Benapole, the country's largest land-port on the Indo-Bangladesh border, and Inland Container Depot (ICD) at Kamalapur in the capital of Dhaka. The handover ceremony took place on May 11, 2016.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Bangladesh [Government Agency]
Implementing agencies [Type]
Government of Bangladesh [Government Agency]