CAMCE pledges $33 million supplier’s credit for Palawan Fish Port Construction Project

$33M USD

Funder	China CAMC Engineering Co., Ltd. (CAMCE)
Recipient Organization	Philippine Department of Agriculture (DA)
Country	Philippines
Start Date	Sep 01, 2004
End Date	Oct 05, 2031
Duration	9,895 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`34767`

Grant Description

CAMCE pledges $33 million supplier’s credit for Palawan Fish Port Construction Project In September 2004, Premiumware, a subsidiary of the state-owned Chinese Agricultural, Machinery and Engineering Corporation (CAMCE), agreed in principle to provide a $33 million supplier credit (loan) to the Philippine Department of Agriculture to develop a modern fish port with freezing and processing facilities in Palawan Province.

The present status of this project is unknown.

📋 Staff Comments

AidData has not identified any evidence that a supplier credit (loan) agreement was ever finalized, which is why the supplier credit agreement is coded as pledge.

📚 Sources & References

China to extend 33 mln usd loan for Philippine fish port project - report
Chinese firm to fund Palawan fish port
Chinese firm to fund Palawan fish port
China to lend $33M for fish-port project 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.