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[China-Venezuela Joint Fund] CDB provides loan worth VEF 474 for Río Guárico Socialist Agriculture Project (linked to Record ID#37829, 37804, 37808, 58677)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Banco de Desarrollo Económico y Social de Venezuela (BANDES)|China-Venezuela Joint Fund |
| Country | Venezuela |
| Start Date | Oct 03, 2010 |
| End Date | Apr 30, 2026 |
| Duration | 5,688 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 91524 |
Grant Description
[China-Venezuela Joint Fund] CDB provides loan worth VEF 474 for Río Guárico Socialist Agriculture Project On October 3, 2010, President Chavez announced a number of new projects in Guárico funded by the China-Venezuela Joint fund long-term facility (see Record ID#37804 and 37808).
One of these projects is the Río Guárico Socialist Agriculture Project, or "Plan Agrario Socialista del Río Guárico" in Spanish. The project cost VEF 474 million.
The project was to include support for planting 35, 000 hectares to grow 420,000 tons of rice, the rehabilitation and construction of churches, homes, ranches, schools, courts, and police stations.
It was also intended to support the construction of 14 km of new canals, the rehabilitation of 18.3 km of canals, and the rehabilitation 19 km of irrigation lines.
Staff Comments
- VEF is post-2008 Venezuelan Bolivars. According to TUFF internal calculation, the project was worth USD 111,690,847.27 in 2011 USD 134,993,261.17 in 2017.
- This project is linked to project ID#37829, 37804, 37808, and 58677.
- It's unclear if anything that was promised by Chavez was actually built, or when the projects started implementation.
- This project should not be confused with project ID#37517, which is also in the Guarico river area.
- No transaction amount is included because the amount is already captured by the long-term facility.
Sources & References
- Proyectos del INDER
- Arranca plan de siembra y cosecha «Venezuela Cultiva 2017»
- Con financiemiento de China
- Ejecutivo Nacional anunció activación de proyectos de inversión productiva
- PLAN DE LA PATRIA SEGUNDO PLAN SOCIALISTA DE DESARROLLO ECONÓMICO Y SOCIAL DE LA NACIÓN, 2013-201 9
- Gobierno Bolivariano anuncia nueve proyectos agrícolas financiados con crédito de China 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
Banco de Desarrollo Económico y Social de Venezuela (BANDES)|China-Venezuela Joint Fund
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