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[China-Venezuela Joint Fund] China Funds USD 204 Million Píritu Becerra 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 | Jul 29, 2031 |
| Duration | 7,604 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 91536 |
Grant Description
[China-Venezuela Joint Fund] China Funds USD 204 Million Píritu Becerra Socialist Agriculture Project On October 3, 2010, President Chavez announced a number of socialist agriculture projects to be implemented by INDER and the Ministry of People's Power for Agriculture and Land. One of those project was the Píritu Becerra Socialist Agriculture Project, which cost USD 204 million.
The project is called "Proyecto Integral de Desarrollo Agrario Socialista Píritu Becerra" in Spanish and "皮里度贝塞拉综合农业项目" in Chinese. The main outside contractor was CAMCE.
In October of 2010, CAMCE signed five contracts with INDER and the Venezuela Agricultural Company for the provision of goods and services on various socialist agricultural projects. For this project, CAMCE built rural roads, irrigation and drainage canals, and motor-pumped deep wells. It also provided agriculture and engineering equipment.
According to Chavez, the project included the drilling of 100 wells, the rehabilitation of 100km of roads, and the development of 22,600 hectares of land for growing rice, soybeans, legumes, and vegetables. On January 29, 2012, Chavez gave a speech which addressed this project. He stated that in 2011, 1,000 hectares of land had been planted to yield 3,800 tons of seed rice.
These seeds would the be planted on 32,000 hectares in 2012.
Staff Comments
- This project is linked to project ID#37829, 37804, 37808, and 58677.
- No transaction amount is included because the cost is captured by the China-Venezuela Long-Term Facility.
- It is unclear if this project was ever finished.
Sources & References
- 委内瑞拉成为国机集团重要工程市场
- Proyectos del INDER
- 委内瑞拉皮里度贝塞拉综合农业项目
- Aló Presidente N° 378
- Con financiemiento de China
- Ejecutivo Nacional anunció activación de proyectos de inversión productiva
- PIRITU BECERRA INTEGRATED AGRICULTURAL PROJECT IN VENEZUELA
- 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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