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Overview

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

Commitments (Constant USD, 2023)$128,614
Commitment Year•2010Country of Activity•BarbadosDirect Recipient Country of Incorporation•BarbadosSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 2, 2010
End (actual)
Dec 31, 2006

Stakeholders

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

Funding agencies

State-owned companies

  • China State Construction Engineering Corporation (CSCEC)

Receiving agencies

NGO/CSO/Foundations

  • Salvation Army of Barbados

Implementing agencies

NGO/CSO/Foundations

  • Salvation Army of Barbados

Loan description

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

Narrative

Full Description

Project narrative

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."