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China Eximbank provides RMB 60 million loan for Aquaculture Farm Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | SOL&MAR, Co., Ltd |
| Country | Mozambique |
| Start Date | Jan 01, 2000 |
| End Date | Nov 19, 2033 |
| Duration | 12,376 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 57099 |
Grant Description
China Eximbank provides RMB 60 million loan for Aquaculture Farm Project In 2001, China Eximbank and SOL&MAR, Co., Ltd. signed an RMB 60 million loan for an Aquaculture Farm Project in Mozambique.
The project, which had a total investment cost of $12.42 million, involved the construction of a 500 hectare aquaculture farm in Beira City.
The farm included a 170 hectare shrimp pond, 1 cold storage processing factory, 1 pumping station, 1 subsidiary office and 1 living area.
SOL&MAR, Co., Ltd, a wholly-owned subsidiary of Weihai International Economic and Technical Cooperative Co., Ltd., was established to facilitate the implementation of this project. Construction of the shrimp pond started in October 2000 and ended in October 2002.
Staff Comments
- The Chinese project title is 在莫水产养殖项目 or 威海国际水产养殖项目.
- Some sources identify the face value of the loan as $12.42 million.
Sources & References
- Aquaculture Farm
- Historique de l’essor de l’entreprise
- Chinese want Portuguese partner for aquaculture in Mozambique
- 合作简介（中、莫双边经贸、技术合作）
- 我在莫水产养殖项目迎来总统访问
- 中国威海国际寻找葡萄牙合作伙伴共同开发贝拉市的水产养殖项目
- 中国对外开放30周年回顾展 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
SOL&MAR, Co., Ltd
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