Completed Development AidData Chinese Aid

China Eximbank provides a $2.4 million USD loan for the Four Shore Based Container Handling Gantry Project (Linked to Record ID#57003, #69122, and #69143)

$2.46M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Port Authority of Jamaica
Country	Jamaica
Start Date	Jul 19, 2006
End Date	Aug 31, 2031
Duration	9,174 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69139`

Grant Description

China Eximbank provides a $2.4 million USD loan for the Four Shore Based Container Handling Gantry Project On July 19, 2006, the Export-Import Bank of China and the Port Authority of Jamaica signed a $2,457,656 loan agreement for the Four Shore Based Container Handling Gantry Project.

The purpose of this project was to acquire goods and services related to four shore-based pieces of container handling gantry equipment at the Kingston Container Terminal.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following borrowing terms: a maturity period of 2

The first date of loan repayment was July 21, 2008 and the maturity date of the loan was January 21, 2009. The Government of Jamaica provided a sovereign guarantee for the loan. As of October 30, 2021, the loan had achieved a 100% disbursement rate ($2,457,656 out of $2,457,656). Its outstanding amount was $0 as of October 30, 2021.

The equipment was reportedly delivered in September 2007.

📋 Staff Comments

The China Eximbank loan that supported this project is not included in the China-Latin America Finance Database, co-produced by the Inter-American Dialogue and Boston University’s Global Development Policy Center.
This project is linked to project ID#57003, #69122, and #69143 because all four projects relate to the larger Jamaican goal of renovating port facilities.
For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

US$21m loan for Port Authority
Port Authority secures loans
US$13.7M Contract Approved for Civil Works at Kingston Container Terminal
House Approves Gov’t Guarantee of $111.5 Million Loan for Port Expansion
House Approves Govt. Guarantee for Us$30.1 Million Loan to Port Authority
Correspondence between AidData Executive Director and Jamaica MOF representative
Chairman's Report 2006-2007
China-Latin America Finance Database
Correspondence between AidData and Jamaican Ministry of Finance and Public Service
Status of Loans from China, 12/31/2018
Status of Loans from China, 10/31/2021
Annual Report 2012-2013
Annual Report 2009 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

Port Authority of Jamaica

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