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China Eximbank provides RMB 192 million government concessional loan for Container Inspection Equipment Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Yemen |
| Country | Yemen |
| Start Date | Dec 09, 2004 |
| End Date | Sep 08, 2028 |
| Duration | 8,674 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 64788 |
Grant Description
China Eximbank provides RMB 192 million government concessional loan for Container Inspection Equipment Project On December 9, 2004, China Eximbank and the Government of Yemen signed an RMB 192,000,000 ($23,022,600) government concessional loan (GCL) agreement for the Container Inspection Equipment Project.
Then, on July 4, 2005, Yemen’s Parliament signed the GCL agreement into law (Law No. 34 of 2005). The borrowing terms of the GCL are unknown. The proceeds of the loan were to be used by the borrower to finance a commercial contract with Nuctech Company Limited. The project involved the acquisition and installation of eight customs scanners.
Six of these scanners were allocated for use at the Aden Free Zone and the ports of Aden, Mukalla, Hodeidah (Hodeida), and Haradh. The two additional (mobile) scanners were set aside for discretionary use at border ports. Nuctech Company Limited was the contractor responsible for implementation. Project implementation began on April 15, 2006.
However, a formal commencement ceremony did not take place until May 31, 2007.
Equipment installation was completed in September 2007 and a formal project handover ceremony took place on June 22, 2008. Nuctech Company Limited agreed to provide technical support beyond the completion date of the project.
Staff Comments
1. The Chinese project title is 同方威视也门优惠贷款项目 or 集装箱检测项目. The Arabic project title is لمشروع أجهزة فحص الحاويات.
Sources & References
- “同方威视”也门优惠贷款项目取得重要进展
- 我在也集装箱检测项目正式开始实施
- Laws approve loans
- 援外优惠贷款支持出口的最大批次清华同方威视检测设备在也门完成安装调试, 8 sets of container inspection machines with China soft loan were officially handed over to Yemen, قانون رقم (34) لسنة 2005م بشأن الموافقة على اتفاقية القرض الميسر المبرمة بين حكومة الجمهورية اليمنية وبنك التصدير والاستيراد الصيني لمشروع أجهزة فحص الحاويات والناقلات, الجمارك تطلق مشروع فحص الحاويات بنظام الاشعة السينية
- THE YEMEN-CHINA ECONOMIC
- COMMERCIAL
- AND TECHNICAL RELATIONS DURING ALI ABDULLAH SALEH'S ADMINISTRATION FROM 1990 TO 2012
- 中国政府利用优惠贷款提供的8套清华同方威视集装箱检测设备正式移交也方 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 Yemen
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