China Eximbank provides $61.54 million buyer’s credit loan for Phase 2 of Machinery and Equipment Acquisition Project (Linked to Record ID#55579 and #55868)

China Eximbank provides $61.54 million buyer’s credit loan for Phase 2 of Machinery and Equipment Acquisition Project In 2012, China Eximbank and the Government of Eritrea signed a $61.54 million buyer’s credit loan for Phase 2 of Machinery and Equipment Acquisition Project.

This project involved the acquisition of 300 units of construction machinery and equipment, including heavy dump trucks, concrete mixer trucks, garbage recycling vehicles, graders, road rollers, and loaders.

It also involved acquisition of spare parts, mainly for tractors, trailers, excavators, bulldozers, road maintenance trucks, passenger buses, trucks, and drilling motors. 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.