Completed Mixed AidData Chinese Aid

China Eximbank provides a $22.1 million USD loan to the Port Authority of Jamaica for the purchase of goods and services (Linked to Record ID#57003, #69122, and #69139)

$22.12M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Port Authority of Jamaica
Country	Jamaica
Start Date	Jul 19, 2006
End Date	Feb 23, 2030
Duration	8,620 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69143`

Grant Description

China Eximbank provides a $22.1 million USD loan to the Port Authority of Jamaica for the purchase of goods and services On July 19, 2006, the Export-Import Bank of China and the Port Authority of Jamaica signed a $22,118,868 loan agreement for the purchase of goods and services.

📋 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 ($22,118,868 out of $22,118,868). Its outstanding amount was zero as of October 30, 2021.

📋 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 #69139 because all four projects relate to the larger Jamaican goal of renovating port facilities.
Project_status field has been set to Completion because all Chinese financing was disbursed.

📚 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
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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