China Eximbank pledges RMB 893 million loan for Lingarak-Lamap Road Rehabilitation and South West Bay Airport Project

Funder	China (People's Republic of)
Recipient Organization	Vanuatu
Country	Vanuatu
Start Date	Apr 30, 2014
End Date	Nov 27, 2026
Duration	4,594 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62591`

Grant Description

China Eximbank pledges RMB 893 million loan for Lingarak-Lamap Road Rehabilitation and South West Bay Airport Project In 2014, Export-Import Bank of China is expected to provide 893644606.66 RMB loan for Lingarak-Lamap Road Rehabilitation (including South West Bay Airport upgrading) project. The loan is not yet approved, but the Exim Bank requested a feasibility study from the Government of Vanuatu.

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.