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China Eximbank pledges $508 million concessional loan for two container ports in Aden and Mokha
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Yemen |
| Country | Yemen |
| Start Date | Dec 01, 2013 |
| End Date | Jan 18, 2032 |
| Duration | 6,622 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 41200 |
Grant Description
China Eximbank pledges $508 million concessional loan for two container ports in Aden and Mokha In December 2013, the Chinese Government pledged to expand two container ports in the southern cities of Aden and Mokha (Mocha) with a concessional loan from China Eximbank worth $507 million.
This project involved the construction of an additional berth on the western side of Aden's container terminal, as well as the deepening and expansion of the port's outer and inner navigational channels.
It also involved the expansion of the turning area and the installation of container cranes, RTGs and tractors for the first phase of the berth. The project sought to increase the handling capacity of the two ports by up to 1.5 million containers.
Although the Saba news source identifies the face value of the loan as $507 million, several media and official sources state that the face value loan was for $508 million. The loan agreement was never finalized due to the security situation in Yemen.
Sources & References
- China to build power plants in Yemen, expand ports
- CHINA WILL MAKE $508 MILLION INVESTMENT TO EXPAND YEMEN PORTS
- China To Expand Ports In Yemen
- China and Yemen’s Forgotten War
- 合作司陈林参赞拜会也门计划与国际合作部长
- China will build 2,000 MW power plants in Yemen: Electricity Minister
- China Exim Bank official arrives in Sana'a
- 也门政府希望利用中国优惠贷款改造亚丁集装箱港口
- 亚丁港升级改造项目
- China High Level Delegation Visited Port Of Aden.
- Compelling Reasons for the Expansion of Chinese Military Forces, 9th session of Yemeni-Chinese Joint Committee concluded, رئيس الجمهورية يعود إلى صنعاء بعد زيارة ناجحة لجمهورية الصين الشعبية - President Abdrabuh Mansour Hadi
- China Prioritizes Gulf Economic
- Oil Relationships; Yemen Can Wait 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 Yemen
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