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[China-Venezuela Joint Fund] CDB provides loan of USD 200 million for Delta Amacuro Agriculture Development Project (linked to Record ID#37829, 37528, 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 | May 01, 2010 |
| End Date | Sep 04, 2026 |
| Duration | 5,970 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 91553 |
Grant Description
China-Venezuela Joint Fund provides loan of USD 200 million for Delta Amacuro Agriculture Development Project The Delta Amacuro Agriculture Development Project (Spanish: Proyecto Integral de Desarrollo Agrario Delta Orinoco, Chinese: 委内瑞拉奥里诺科三角洲农业综合发展项目) is a USD 200 million project funded by Tranche B of the China-Venezuela Joint Fund (see Record ID#37528).
The project began in June of 2010 and a completion ceremony was held on February 1, 2019. The primary outside contractor was CAMCE.
Other implementing agencies included a subsidiary of PDVSA called PDVSA Agrícola, the Ministry of People's Power for Agriculture and Land, and INDER.
The project consisted of the building of 20 rice storage silos capable of holding 2,000 tons each, 90.5km of irrigation canals, 36km of roads, a 10 MW power station, 27km of transmission lines, an 80,000-chicken farm, a 270 square meter agricultural laboratory, and one water pump station. CAMCE also supplied 160 sets of agricultural equipment.
The project also built a rice packing plant, a rice seed processing plant, and two bridges connecting the Coguina, Manamito and Guara islands. On January 22, 2019, INDER signed the final acceptance letter and sent it to CAMCE. The opening ceremony was held on February 1, 2019.
A May 2019 Reuters Special Investigation titled "How a Chinese venture in Venezuela made millions while locals grew hungry" covered this project in detail.
It asserted that CAMCE did not complete the work as specified, the rice packaging plants were never used, locally grown rice has failed to materialize, and the canals were never built.
It also discusses multiple corruption allegations involved in this project and other CAMCE agriculture projects in Venezuela, which came to a head in a 2019 Andorran lawsuit (see Record ID#91283, 91324, 91257, 91086, and 91235 for other CAMCE projects involved in this lawsuit). The rice processing plant has operated below its capacity since it opened.
In 2020, it produced 5,000 tons, a quarter of the original project goal.
Staff Comments
- It was previously assumed that all the agricultural projects captured by project iD#37829 were funded by the long-term facility (see project ID#37804, 37808). However, according to 'Planta Procesadora de Arroz contribuirá con el desarrollo agroalimentario en Delta Amacuro', this project was funded by the Chinese loan announced in the Official Gazette Number 39.
- This loan is tranche B of the joint fund (see project ID#37528) (see 'Gaceta Official Numero 39.019').
Sources & References
- Expensive Scams
- Gobierno Bolivariano anuncia nueve proyectos agrícolas financiados con crédito de China
- Planta Procesadora de Arroz contribuirá con el desarrollo agroalimentario en Delta Amacuro
- Gobierno Nacional inaugura Complejo Arrocero en Delta Amacuro
- 委内瑞拉农业部部长出席中工国际委内瑞拉奥里诺科三角洲农业综合发展项目大米加工园区开幕式
- 不经艰难困苦,何来玉汝于成! 委内瑞拉奥里诺科三角洲农业综合发展项目签署最终接收函
- 委内瑞拉奥里诺科三角洲农业综合发展项目
- 中工国际获委内瑞拉71.45亿元合同
- Gaceta Oficial Numero 39.019
- How a Chinese venture in Venezuela made millions while locals grew hungry 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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