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Chinese Government provides RMB 215 million grant for purchase of MA60 aircraft as part of larger 'buy two get one free' deal
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Cameroon Ministry of Economy, Planning, and Regional Development (MINEPAT) |
| Country | Cameroon |
| Start Date | Nov 11, 2013 |
| End Date | Sep 22, 2026 |
| Duration | 4,698 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 58109 |
Grant Description
On November 11, 2013, the Chinese Government provided an RMB 215 million grant --- through China Development Bank -- to Cameroon's Ministry of Economy, Planning, and Regional Development (MINEPAT) for the purchase of an MA60 Chinese aircraft.
This project was part of a "buy two get one free" deal in which the Chinese Government provided a RMB 215 million grant to the Government of Cameroon for the acquisition of one aircraft, and in return the Government of Cameroon agreed to borrow RMB 430 million from China Eximbank for the acquisition of two additional aircraft (see Record ID#35169).
The grant-financed aircraft was delivered on November 8, 2012. The contractor was AVIC. These three aircraft were added to a fleet of aircraft maintained by the state-owned Cameroon Airlines Corporation. The aircraft’s reception ceremony took place on 8 November 2012, when it was handed over to Cameroon’s Air Force.
In April 2015, Cameroon purchased two new MA 60 aircraft to strengthen Camair-Co’s fleet, the civilian state-owned airline of Cameroon.
Staff Comments
An unknown part of the Chinese Government is the funder but the grant proceeds were disbursed through a CDB account that was established with a host country bank.
Sources & References
- Projet d'acquisition de trois (03) aeronefs MA60
- 我援喀两架新舟60飞机于1月23日首飞
- 喀麦隆将于2016年1月23日举行两架新舟60飞机首飞仪式
- Projet d'acquisition de trois
- China-made aeroplanes launch operations in Cameroon
- AVIC signs three-plane deal with Cameroon
- China's Avic signs three-plane deal with Cameroon
- China
- State visit of the President of the Republic of Cameroon H. E. Paul BIYA to China 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
Cameroon Ministry of Economy, Planning, and Regional Development (MINEPAT)
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