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MOFCOM provides $1.8 million interest-free loan for Container Scanner System Project
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Djibouti |
| Country | Djibouti |
| Start Date | Jan 01, 2002 |
| End Date | Mar 26, 2032 |
| Duration | 11,042 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 59173 |
Grant Description
MOFCOM provides $1.8 million interest-free loan for Container Scanner System Project In 2002, the Chinese Government provided an interest-free loan worth approximately $1.8 million to the Government of Djibouti for a Container Scanner System Project.
Hualixing Sci-Tech Development Co., Ltd. (北京华力兴科技发展有限责任公司的) — also known as TC-Scan — signed an implementation contract on June 12, 2002 in Beijing.
A launching ceremony for the container scanner system was held on March 5, 2003, and during the ceremony, Hualixing Sci-Tech Development Co., Ltd.'s TC-SCAN container inspection system was officially put to use in the Port of Djibouti.
Minister Hassan Houmed Ibrahim of Djibouti and President Liu Bin of Hualixing Sci-Tech Development Co., Ltd signed a project handover certificate on behalf of both parties.
Staff Comments
- The loan that supported this project is not included in the SAIS-CARI database of Chinese loan commitments that was released in July 2020.
- Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.
- The Chinese project title is TC-SCAN集装箱检测系统在吉布提. The French project title is Systeme de Controle des Conteneurs de TC-SCAN MSV.
Sources & References
- LA GESTION DE LA DETTE
- 吉布提迪莱塔总理和伊德里斯议长共同出席我集装箱检测系统交付启用仪式
- 我国首次向非洲出口具有自主知识产权的高技术成套设备（图片）
- BILAN 1999-2004 : DE L’AJUSTEMENT AU DEVELOPPEMENT 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 Djibouti
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