Completed Development AidData Chinese Aid

Chinese Government provides $4.89 million grant for provision of Y-12 aircraft as part of 'buy two get one free' deal (Linked to Record ID#39256)

¥4.89M RMB

Funder	Unspecified Chinese Government Institution
Recipient Organization	Air Vanuatu (Operations) Limited\|Vanuatu Ministry of Finance and Economic Management
Country	Vanuatu
Start Date	Mar 01, 2007
End Date	Oct 18, 2030
Duration	8,632 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`39257`

Grant Description

In March 2007, China Eximbank agreed to provide an RMB 68 million ($9.78 million) preferential buyer's credit to the Government of Vanuatu to purchase 2 Y-12 aircraft for the national carrier, Air Vanuatu, as part of a 'buy two get one' deal.

Then, on December 18, 2008, Vanuatu Prime Minister mentioned in a speech that the Chinese Government would donate and deliver a Y-12 Aircraft by early 2009. The reported monetary value of the donated aircraft is $4.89 million.

In January 2009, the Chinese delegation handed over the airworthiness certificate of the donated aircraft to the Vanuatu Government.

Record ID#39256 captures the preferential buyer's credit from China Eximbank for Vanuatu's purchase of two Y-12 aircraft, which were handed over on December 18, 2008.

📋 Staff Comments

The loan agreement can be accessed in its entirety via https://www.dropbox.com/s/bdv5iaet7hwkraj/China%20Eximbank%20Loan%20for%20Purchase%20of%20Y12%20Aircrafts.pdf?dl=0

📚 Sources & References

China and the Pacific
CHINA GIVES TWO AIRPLANES TO VANUATU
Chinese Aid in the Pacific
CHINESE ASSISTANCE IN THE PACIFIC: AGENCY
EFFECTIVENESS AND THE ROLE OF PACIFIC ISLAND GOVERNMENTS
Chinese premier announces aid package for Pacific countries
CONCESSIONAL LOAN AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF VANUATU AND THE EXPORT-IMPORT BANK OF CHINA FOR THE PURCHASE OF Y12 AIRCRAFTS
Financial Statements of the Government of The Republic of Vanuatu
FINANCIAL STATEMENTS OF THE GOVERNMENT OF THE REPUBLIC OF VANUATU (2011)
FINANCIAL STATEMENTS OF THE GOVERNMENT OF THE REPUBLIC OF VANUATU (2012)
FINANCIAL STATEMENTSOF THEGOVERNMENT OFTHE REPUBLIC OF VANUATU FOR 2013
I am supporting the Vanuatu Yun 12 aircraft to become an important force in the domestic shipping of the Wa
The age of choice: Fiji and Vanuatu in the new aid landscape
The age of choice: Fiji and Vanuatu in the new aid landscape
USP Emalus Campus extends enrolment to Francophone students
我国产运12飞机交付瓦努阿图方使用
瓦努阿图总理出席运12飞机交接仪式 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

Air Vanuatu (Operations) Limited|Vanuatu Ministry of Finance and Economic Management

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