Project ID: 72156

China State Construction Engineering Corporation reduces Salvation Army of Barbados debt by 100,000 USD

Commitment amount

$ 139272.69357962403

Adjusted commitment amount

$ 139272.69

Constant 2021 USD

Summary

Funding agency [Type]

China State Construction Engineering Corporation (CSCEC) [State-owned Company]

Recipient

Barbados

Sector

Action relating to debt (Code: 600)

Flow type

Debt forgiveness

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2010-12-02

Actual complete

2006-12-31

Description

In June 2010, the China State Construction Engineering Corporation (CSCEC) reduced the amount owed by the Salvation Army of Barbados by 100,000 USD. Between February 2005 and November 2006, CSCEC constructed a new accommodation building and restaurant project for the charitable organization. The opening ceremony for the project took place in December 2006. The project cost a total of 350,000 USD, owed to the CSCEC, but the Salvation Army struggled to pay the full amount. In July 2010, the contractor decided to reduce the amount owed as a contribution to the charity. For forgiving the debt, the CSCEC was awarded the "Outstanding Contribution Award to Charity."

Number of official sources

1

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Salvation Army of Barbados [NGO/CSO/Foundation]

Implementing agencies [Type]

Salvation Army of Barbados [NGO/CSO/Foundation]