Chinese Government provides RMB 20 million interest-free loan — through ETCA—for Container Inspection Equipment Project
Commitment amount
$ 5242141.22
Constant 2017 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Mauritius
Sector
Government and civil society (Code: 150)
Flow type
Loan
Concessional
Yes
Category
Project lifecycle
Description
On July 1, 2002, China’s Ministry of Commerce and the Government of Mauritius signed an Economic and Technical Cooperation Agreement (ETCA). Under the terms of this agreement, the Chinese Government agreed to provide an RMB 20 million loan to the Government of Mauritius for the Container Inspection Equipment Project. The loan carried a 0% interest rate, a 20 year maturity, and a 10 year grace period. Premier Zhu Rongji and Mauritian Prime Minister Anerood Jugnauth signed the agreement on behalf of their respective governments. This project involved the provision of container inspection equipment to the customs authorities in Mauritius for use at an airport and seaport. This project was officially completed and handed over the local authorities in April 2006.
Additional details
The Chinese project title is 港口和机场集装箱检测设 or 集装箱检测设.
Number of official sources
13
Number of unofficial sources
5
Details
Cofinanced
No
Receiving agencies [Type]
Government of Mauritius [Government Agency]
Loan type
Interest-Free
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element
75.05159755%
Gurarantee provided
No
Insurance provided
No