Loading…

Loading grant details…

Completed Development AidData Chinese Aid

China Eximbank provides RMB 350 million government concessional loan for the Non-intrusive Container Scanner Acquisition Project

¥350M RMB

Funder Export-Import Bank of China (China Eximbank)
Recipient Organization Government of Zambia
Country Zambia
Start Date Dec 23, 2009
End Date Dec 09, 2027
Duration 6,560 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 30469
Grant Description

China Eximbank provides RMB 350 million government concessional loan for the Non-intrusive Container Scanner Acquisition Project On December 23, 2009, China Eximbank and the Government of Zambia signed a RMB 350 million ($45.8 million) government concessional loan (GCL) agreement for the Non-intrusive Container Scanner Acquisition Project.

📋 Loan / Grant Terms
📅 Maturity15 years
⏳ Grace Period5 years
💹 Interest Rate2%

On March 21, 2013, the Government of Zambia signed a subsidiary loan agreement on-lending the proceeds of this loan to Zambia Revenue Authority. The purpose of the project was to acquire four non-intrusive container scanners. Nuctech was the contractor responsible for project implementation.

It successfully delivered the four scanners and installed them at the Nakonde border, but the precise delivery date is unknown.

In 2011, a commission of inquiry was organized and it questioned the wisdom of the Government of Zambia’s decision to select Nuctech through a sole-source procurement process.

📚 Sources & References
  • THE STATUS OF ZAMBIA’S DOMESTIC AND EXTERNAL DEBT
  • Economic Report: 2009
  • THE STATUS OF ZAMBIA’S DOMESTIC AND EXTERNAL DEBT, 2009 Economic Report
  • REPORT of the AUDITOR GENERAL ON THE ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31st DECEMBER 2013
  • Report of the COMMISSION OF INQUIRY INTO THE OPERATIONS OF THE ZAMBIA REVENUE AUTHORITY
  • ZRA single-sourced $25m deal, 2010 China-Zambia Relation In Retrospect
  • Debates- Thursday, 22nd July, 2010 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees

Government of Zambia

Advertisement
Discover thousands of grant opportunities
Advertisement
Browse Grants on GrantFunds
Interested in applying for this grant?

Complete our application form to express your interest and we'll guide you through the process.

Apply for This Grant