China Eximbank provides loan for Rice Development Project
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Cuba
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
China Eximbank provided a loan to the Cuban Ministry of Finance for the Rice Development Project. The Rice Development Project is a national procurement project in which Shantui will provide construction equipment including bulldozers, loaders, road rollers, excavators, graders, and forklift products. Shantui was designated as the sole supplier of the project, and the total contract amount is more than $14 million USD. The construction equipment was delivered in three batches: *The first in December 2013 *The second on 27 June, 2014 *The last in August 2015. The Chinese name of the project is 古巴水稻发展项目..
Additional details
In some of the sources, this project is referred to as the Cuban Ministry of Agriculture Project, but the full name of the Cuban Ministry of Agriculture Project is the Cuban Rice Development Project.
Number of official sources
4
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Cuba Ministry of Finance [Government Agency]
Implementing agencies [Type]
Cuba Ministry of Agriculture [Government Agency]
Shantui Construction Machinery Co., Ltd. [State-owned Company]