Completed Development AidData Chinese Aid

China Eximbank provides RMB 541.9 million government concessional loan for Rehabilitation and Extension of Port Luganville Main Wharf Project

¥541.9K RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Vanuatu
Country	Vanuatu
Start Date	Nov 22, 2014
End Date	Feb 27, 2032
Duration	6,306 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`37748`

Grant Description

China Eximbank provides RMB 541.9 million government concessional loan for Rehabilitation and Extension of Port Luganville Main Wharf Project On November 22, 2014, the Government of the People's Republic of China and the Government of the Republic of Vanuatu entered into a Framework Agreement on Provision of Government Interest-Subsidized Concessional Loans by China to the Republic of Vanuatu.

On the same day (November 22, 2014), China Eximbank and the Government of the Republic of Vanuatu (represented by the Ministry of Finance and Economic Management) signed an RMB 541,900,000 government concessional loan (GCL) agreement [CHINA EXIMBANK GCL NO. 2014 (23) TOTAL NO. (526)] for the Vanuatu Rehabilitation and Extension of Port Luganville Main Wharf Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate2%

The borrower was to use the proceeds of the GCL to finance a commercial contract between the Ministry of Infrastructure and Utilities of the Republic of Vanuatu and Shanghai Construction Group (SCG) Co., Ltd, which was signed on December 24, 2013. The purpose of the project was to extend and rehabilitate the main wharf in Port Luganville.

Prior to the implementation of the project, the main wharf — measuring 270 meters in length — could handle close to 100,000 tons of freight annually.

However, it was insufficient for providing full service for all cargo served and tourist boat arrivals due to wharf berth space availability.

In addition, new businesses that require the ability to transfer certain heavy cargo off large vessels and into trucks could not be served, due to the physical conditions of the wharf.

A key objective of the project was to lengthen the existing wharf (east towards Samanson wharf) and thereby establish a berth with a total length of 361 meters.

The main wharf at Port Luganville is accessible to existing tarsal roads and located around 1 kilometer from Luganville town.

Copra, Cocoa, Kava, Coconut oil and coconut mills are the primary commodities received and shipped at the port, but it also provides specialty services on-demand to local business located within Sanma Province and other customers.

Upon completion, the project was expected to give the main wharf in Port Luganville the capacity to dock two DWT freighters or 1 GT cruise. It was also expected to generate a 15% increase in outbound and inbound traffic. SCG was the contractor responsible for implementation. The originally expected project implementation period was June 2014-June 2017.

A groundbreaking ceremony took place on February 9, 2015. However, construction did not begin until July 28, 2015.

The final handover ceremony for the project was conducted on August 19, 2017, and the Luganville Wharf went into operation by the 2017. The project reportedly resulted in an increase of tourism and a boost to the local economy.

📋 Staff Comments

The Chinese project title is 卢甘维尔国际码头改扩建项目 or 建的瓦努阿图卢甘维尔码头改扩建项目. 2. The Chinese Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020 identifies this project as being financed with a 2015 China Eximbank loan worth $500 million. AidData relies on the face value of the loan (RMB 541,900,000) and the loan commitment year (2014) that are identified in the actual loan agreement [CHINA EXIMBANK GCL NO. 2014 (23) TOTAL NO. (526)] between China Eximbank and the Government of the Republic of Vanuatu.
The loan agreement can be accessed in its entirety via https://www.documentcloud.org/documents/20488932-vut_2014_469.

📚 Sources & References

China eyes South Pacific islands, 2015 ARTICLE IV CONSULTATION AND REQUEST FOR DISBURSEMENT UNDER THE RAPID CREDIT FACILITY AND PURCHASE UNDER THE RAPID FINANCING INSTRUMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR VANUATU, 2015 INCORPORATING THE ECONOMIC AND FISCAL UPDATE AND THE BUDGET POLICY STATEMENT, 2016 INCORPORATING THE ECONOMIC AND FISCAL UPDATE AND THE BUDGET POLICY STATEMENT, 2017 INCORPORATING THE ECONOMIC AND FISCAL UPDATE AND THE BUDGET POLICY STATEMENT, 2018 ARTICLE IV CONSULTATION—PRESS RELEASE AND STAFF REPORT
Ambassador Liu Quantu transferred to the government of Vaughanville
China
Ambassador Xie Bohua, in Vanuatu, accompanied Prime Minister Vaughan to attend the groundbreaking ceremony for the expansion of China's Wasantuo Island terminal
Annual Development Report 2010
ANNUAL DEVELOPMENT REPORT 2010
Australia is edgy about China’s growing presence on its doorstep
BELT & ROAD DETAILS
China Eximbank GCL No. 2014 (23) Total No. (526)
China Promises Continued Support to Vanuatu
China's Overseas Development Finance
Chinese Aid in the Pacific
Chinese Firms Contracted For Vanuatu Infrastructure Projects
Chinese funding
ECONOMIC ASSESEMENT FOR LUGANVILLE MAIN WHARF RENOVATION AND EXTENSION PROJECT
ECONOMIC ASSESEMENT FOR LUGANVILLE MAIN WHARF RENOVATION AND EXTENSION PROJECT
Government Concessional Loan Agreement on Vanuatu Rehabilitation and Extension of Port Luganville Main Wharf Project
Grading China’s Belt and Road
Groundbreaking ceremony for Luganville International Wharf takes place
INTEREST GROWS IN VANUATU'S GREAT WHARF
Island state seeks development partners
Napat: Luganville wharf is also the major shipping hub and transit point for all vessels serving
New Luganville Wharf Good for Island
New Year Message
Pacific nations want China’s aid — just ask them
Political Risk Analysis - Ties Between Vanuatu And China To Warm Further
Real reason behind China’s ‘road to nowhere’
Red storm rising
South Pacific Nation Shrugs Off Worries on China’s Influence
Speculation in Canberra at China's plan for Vanuatu wharf
Speech by Ambassador Xie Bohua
Ambassador of Vanuatu, at the Groundbreaking Ceremony of the Expansion of China's Wa Wa Terminal in Santo Island
Vanuatu : Staff Report for the 2015 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument
Vanuatu : Staff Report for the 2015 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument
Vanuatu Denies Chinese Wharf Poses Threat to Australia
VANUATU ECONOMIC ASSESSMENT OF THE REHABILITATION AND EXTENSION OF PORT LUGANVILLE MAIN WHARF PROJECT
VANUATU ECONOMIC ASSESSMENT OF THE REHABILITATION AND EXTENSION OF PORT LUGANVILLE MAIN WHARF PROJECT
VANUATU ECONOMIC ASSESSMENT OF THE REHABILITATION AND EXTENSION OF PORT LUGANVILLE MAIN WHARF PROJECT
Vanuatu Infrastructure Strategic Investment Plan 2015 – 2024
Vanuatu PM attended the Ground-breaking Ceremony of the China Aid Rehabilitation Project of Luganville Main Wharf
Vanuatu Prime Minister Kilman inspected our support project
Vanuatu Roads for Development Phase Two - Investment Design Document
Vanuatu Whole of Government Financial Statements 2015
Vanuatu Whole of Government Financial Statements 2016
Vanuatu Whole of Government Financial Statements 2017
Vanuatu: China gains from our neglect of the Pacific
瓦努阿图总理出席上海建工承建的码头项目奠基仪式
瓦努阿图总理基尔曼视察我援瓦码头扩建项目
瓦努阿图总理基尔曼视察我援瓦码头扩建项目
瓦努阿图总理视察上海企业参建的卢甘维尔码头项目
集团参与“一带一路”国际合作高峰论坛活动
驻瓦努阿图大使刘全向瓦政府移交中国援瓦卢甘维尔码头改扩建项目
驻瓦努阿图大使刘全向瓦政府移交中国援瓦卢甘维尔码头改扩建项目 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 Vanuatu

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