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China Eximbank provides $100 million buyer’s credit loan for Phase 1 of Machinery and Equipment Acquisition Project (Linked to Record ID#55867 and #55868)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Eritrea |
| Country | Eritrea |
| Start Date | Jan 01, 2011 |
| End Date | Nov 29, 2029 |
| Duration | 6,907 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 55579 |
Grant Description
China Eximbank provides $100 million buyer’s credit loan for Phase 1 of Machinery and Equipment Acquisition Project In 2011, China Eximbank and the Government of Eritrea signed a $100 million buyer’s credit loan for Phase 1 of Machinery and Equipment Acquisition Project.
The project involved the acquisition of nearly 2000 sets of machinery and equipment from Chinese contractors (such as Liu Gong.
XCMG, and SANY Heavy Industry), including excavators, graders, road rollers, loaders, cranes, pump trucks, tractors and other engineering and agricultural equipment.
It also involved the acquisition of spare parts, mainly for tractors, trailers, excavators, bulldozers, road maintenance trucks, passenger buses, trucks, and drilling motors.
Shanghai Corporation for Foreign Economic & Technical Cooperation (SFECO) was the contractor responsible for implementation. The first batch of equipment and machinery arrived at the port of Asmara on August 24, 2011. The fourth and final batch arrived in December 2011.
Staff Comments
- The Chinese project title is 用于厄特从中国进口近2000台套各类机械设备.
- China Eximbank also financed Phase 2 and Phase 3 of the Machinery and Equipment Acquisition Project (as captured via Project ID#55867 and #55868).
Sources & References
- 李连生大使元旦慰问驻厄中资机构
- Chinese Firms won US$100 million Eritrea Machinery Equipment Bid
- Other Industry
- 厄再次从中国进口大批量重型机械设备
- ChinaLoansToAfrica©SAIS-CARI.csv
- S F E C O e x p o r t e q u i p m e n t t o E r i t r e a h a s a r r i v e d a n d p u t i n t o o p e r a t i o n
- SFECO Group Won Machinery Supply and Power Plant Extension Contracts
- 厄立特里亚
- 厄立特里亚
- 对外投资合作国别（地区）指南-厄立特里亚
- China Sfeco Group First Lot
- 牛强大使、张友华参赞视察从中国进口的重型机械设备
- 张友华参赞视察我向厄出口的首批国产重型机械设备
- SFECO Building US$100m Agriculture Related Plants in Eritrea 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 Eritrea
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