Completed Development AidData Chinese Aid

China Eximbank provides RMB 204.9 million government concessional loan for Container/Vehicle Inspection System Project

¥204.9M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Serbia
Country	Serbia
Start Date	Jul 14, 2010
End Date	Mar 24, 2026
Duration	5,732 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`42537`

Grant Description

China Eximbank provides RMB 204.9 million government concessional loan for Container/Vehicle Inspection System Project On July 14, 2010, the Government of the People's Republic of China and the Government of the Republic of Serbia entered into a Framework Agreement on the Provision of Government Concessional Loans by China to Serbia.

On the same day, China Eximbank and the Government of the Republic of Serbia signed a government concessional loan (GCL) agreement [CHINA EXIMBANK GCL (2010) NO.34 TOTAL NO. (331)] worth RMB 204,900,000 for the Container/Vehicle Inspection System Project.

📋 Loan / Grant Terms

📅 Maturity15 years

⏳ Grace Period3 years

💹 Interest Rate3%

The proceeds of the loan were to be used by the borrower to finance a $30 million commercial contract [number NUC/SRB 09-243C] between the Customs Administration of Serbia’s Ministry of Finance and Nuctech Company Limited, which was signed on September 21, 2009.

The borrower made principal repayments worth approximately $2,693,000 in 2019, $1,650,000 in 2020, $2,315,000 in 2021, and $3,514,000 in 2022.

The loan’s (principal) amount outstanding was $17,373,000 as of December 31, 2018, $14,680,000 as of December 31, 2019, $13,030,000 as of December 31, 2020, $10,715,000 as of December 31, 2021, and $7,201,000 as of September 31, 2022.

The purpose of the Container/Vehicle Inspection System Project was to facilitate the acquisition and maintenance of one-unit NUCTECHTM AC 6015 XN Air Cargo Inspection System, ten units of NUCTECHTM MT1213LH Container/Vehicle Inspection Systems, and two units of NUCTECHTM CX100100TI X-ray Inspection Systems.

Nuctech Company Limited was the contractor responsible for project implementation. The project was completed on July 16, 2012.

At that time, the container inspection system that Serbia acquired from Nuchtech was reportedly the most advanced in the entire European region.

📋 Staff Comments

The Serbian project title is Пројекат систем NUCTECH за инспекцију контејнера/возила.
This loan is not included in the Chinese Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020.
The China Eximbank loan agreement can be accessed in its entirety via https://www.documentcloud.org/documents/20488751-ser_2010_437.

📚 Sources & References

Public Finance Bulletin
August 2018
Public Finance Bulletin
November 2018
Public Finance Bulletin
September 2019
塞尔维亚海关正式启用同方威视大型集装箱检测设备
驻塞尔维亚大使张万学出席同方威视航空集装箱检查系统启用仪式, 2010 China Eximbank Export Credit to Serbia for Vehicle Inspection System, 2010 China Eximbank Export Credit to Serbia for Vehicle Inspection System
Bulletin Public Finance
CHINA
China's Overseas Development Finance
Concessional loan for the project system NUCTECH TM
GOVERNMENT CONCESSIONAL LOAN AGREEMENT ON Nuctech Container/Vehicle Inspection Project
GOVERNMENT CONCESSIONAL LOAN AGREEMENT On NUCTECHTM Container/Vehicle Inspection System Project
GOVERNMENT LOAN AGREEMENT ON Nuctech Container/Vehicle Inspection System Project
Government of Serbia 2013 Bond Prospectus
Nuctech Serve the State Visit President Xi Jinping Pays to Serbia
Predlog zakona o potvrđivanju Ugovora o državnom koncesionalnom zajmu za Projekat sistem NUCTECHTM za inspekciju kontejnera/vozila između Vlade Republike Srbije kao zajmoprimca i Kineske Export-Import banke kao zajmodavca
Public Finance Bulletin, 2018
Public Finance Bulletin, 2019
Public Finance Bulletin, 2020
Public Finance Bulletin, 2021
Public Finance Bulletin, 2022
Public Finance Bulletin, 2023
Public Finance Bulletin, 2024
Public Finance Bulletin
April 2018
Public Finance Bulletin
April 2019
Public Finance Bulletin
April 2020
Public Finance Bulletin
April 2021
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April 2022
Public Finance Bulletin
April 2023
Public Finance Bulletin
April 2024
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August 2019
Public Finance Bulletin
August 2020
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August 2021
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August 2022
Public Finance Bulletin
August 2023
Public Finance Bulletin
August 2024
Public Finance Bulletin
December 2018
Public Finance Bulletin
December 2019
Public Finance Bulletin
December 2020
Public Finance Bulletin
December 2021
Public Finance Bulletin
December 2022
Public Finance Bulletin
December 2023
Public Finance Bulletin
February 2018
Public Finance Bulletin
February 2019
Public Finance Bulletin
February 2020
Public Finance Bulletin
February 2021
Public Finance Bulletin
February 2022
Public Finance Bulletin
February 2023
Public Finance Bulletin
February 2024
Public Finance Bulletin
January 2018
Public Finance Bulletin
January 2019
Public Finance Bulletin
January 2020
Public Finance Bulletin
January 2021
Public Finance Bulletin
January 2022
Public Finance Bulletin
January 2023
Public Finance Bulletin
January 2024
Public Finance Bulletin
July 2018
Public Finance Bulletin
July 2019
Public Finance Bulletin
July 2020
Public Finance Bulletin
July 2021
Public Finance Bulletin
July 2022
Public Finance Bulletin
July 2023
Public Finance Bulletin
July 2024
Public Finance Bulletin
June 2018
Public Finance Bulletin
June 2019
Public Finance Bulletin
June 2020
Public Finance Bulletin
June 2021
Public Finance Bulletin
June 2022
Public Finance Bulletin
June 2023
Public Finance Bulletin
June 2024
Public Finance Bulletin
March 2018
Public Finance Bulletin
March 2019
Public Finance Bulletin
March 2020
Public Finance Bulletin
March 2021
Public Finance Bulletin
March 2023
Public Finance Bulletin
March 2024
Public Finance Bulletin
May 2018
Public Finance Bulletin
May 2019
Public Finance Bulletin
May 2021
Public Finance Bulletin
May 2022
Public Finance Bulletin
May 2023
Public Finance Bulletin
May 2024
Public Finance Bulletin
November 2019
Public Finance Bulletin
November 2020
Public Finance Bulletin
November 2021
Public Finance Bulletin
November 2022
Public Finance Bulletin
November 2023
Public Finance Bulletin
November 2024
Public Finance Bulletin
October 2018
Public Finance Bulletin
October 2019
Public Finance Bulletin
October 2020
Public Finance Bulletin
October 2021
Public Finance Bulletin
October 2022
Public Finance Bulletin
October 2023
Public Finance Bulletin
October 2024
Public Finance Bulletin
September 2018
Public Finance Bulletin
September 2020
Public Finance Bulletin
September 2021
Public Finance Bulletin
September 2022
Public Finance Bulletin
September 2023
Public Finance Bulletin
September 2024
Quarterly Report 20180930
REPORT ON INTERNATIONAL ASSISTANCE IN THE REPUBLIC OF SERBIA IN 2010
SERBIA AND CHINA: STRENGTHENING RELATIONS
BUT LITTLE SUBSTANCE
Serbia
China sign six bilateral agreements
Third Sitting of the Second Regular Session of the National Assembly of the Republic of Serbia in 2010 Convened
塞尔维亚和中国签署购买海关检查系统备忘录
塞尔维亚拟向中国申请10亿欧元贷款 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.