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[China-Venezuela Joint Fund] CDB Funds USD 1.5 Billion Quibor Valley Socialist Agriculture Project (linked to Record ID#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 | Feb 28, 2012 |
| End Date | Dec 01, 2031 |
| Duration | 7,216 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 94033 |
Grant Description
[China-Venezuela Joint Fund] CDB Funds USD 1.5 Billion Quibor Valley Socialist Agriculture Project On February 28, 2012, the Venezuela National Institute for Rural Development (INDER) announced the creation of the Quibor Valley Socialist Agriculture Project company (Spanish: Empresa Integral de Producción Agraria Socialista Valle de Quibor S.A).
The project the company administers is called Empresa Integral de Producción Agraria Socialista Valle de Quíbor (EIPASVQ) in Spanish.
The company was meant to develop the irrigation system, consolidate vegetable production, and administer strategic plans for the development of agriculture in the Quibor Valley area.
The project was implemented by Queiroz Galvao, a Brazilian company, INDER, and Ministry of the People's Power for Agriculture and Lands. As of 2021, it was productive. It produced corn, lettuce, tomatoes, and passion fruit. The company reportedly had 24 greenhouses capable of producing 6,120 seedlings a day.
It has 19 hectares in production and four lagoons for water storage. It trains agronomy students from the Experimental University of the Bolivarian National Armed Forces.
Sources & References
- Presupuestos y Memoria y Cuenta 2010-2013
- Publicado en Gaceta Oficial N° 39.872
- Autorizan al Inder a constituir empresas agrarias socialistas
- Listado A de obras asignadas a EMPRESAS BRASILEÑAS en Venezuela
- Empresa de Producción Agrícola Valle de Quíbor fortalece trabajo agroproductivo en contribución a la soberanía alimentaria
- Empresa Agronómica Socialista Valle de Quibor impulsa producción de alimentos con 24 Casas de Cultivo
- Relatorio Anual 2013 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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