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Overview

China uses July 2009 ETCA to finance Yap or Hapilmohol-1 cargo-passenger ship repair project in Micronesia (Linked to Record ID#40029, #64510, ETCA #73901)

Commitment Year•2009Country of Activity•MicronesiaSector•Transport And StorageFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2009
Start (actual)
Jan 1, 2010
End (actual)
Jan 9, 2012

Stakeholders

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

Funding agencies

Government Agencies

  • China Ministry of Commerce

Implementing agencies

Government Agencies

  • Government of Micronesia, Federated States of

State-owned companies

  • Wuhan Nanhua High-speed Ship Engineering Co., Ltd

Loan desecription

China uses July 2009 ETCA to finance Yap or Hapilmohol-1 cargo-passenger ship repair project in Micronesia (Linked to Record ID#40029, #64510, ETCA #73901)

Narrative

Full Description

Project narrative

China originally built and donated 2 ships: Chief Mailo in 2004 (#64190 ) and Hapimohol 1 in 2007 (#40029). Both needed repair within a few years. China funded the repair of Chief Mailo in 2010 (#40012) and the repair of Hapimohol 1 in 2012. This project captures Chinese financing for the repair of Hapimohol 1 or Yap vessel. On 9 July 2009, the Chinese Ambassador and Micronesian Secretary of Foreign Affairs signed an economic and technical cooperation agreement (ETCA #73901) granting an unspecified amount for, at the time, unspecified purposes. According to a press release from the Government of Micronesia, on 17 June 2010, the same government officials followed up with this ETCA by signing an exchange of letters allocating the funds to maintenance of the Yap cargo-passenger vessel. The other ETCA financing this repair project is captured in Record ID#64510. Wuhan Nanhua High-speed Shipping Co., Ltd. carried out maintenance and repair on the Hapimohol 1 or Yap vessel. After returning to the Yap commercial dock on 6 January 2012, the official handover ceremony marking project completion took place on 9 January 2012.