Project ID: 20419

China-Africa Development Fund pledges MUR 25 billion loan for the development of roads and bridges

Pledged amount

$ 1021178424.0

Constant 2017 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

China-Africa Development Fund (CADFund) [State-owned Fund]

Recipient

Mauritius

Sector

Transport and storage (Code: 210)

Flow type

Loan

Concessional

Vague

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2009

2015-01-01

Planned completion

Description

On April 6, 2009, Zhao Jianping, a representative of the China-Africa Development Fund (CADFund), and Rama Sithanen, the Prime Minister of Mauritius, signed a memorandum of understanding (MOU) at a joint working session regarding a potential MUR 25 billion loan for the development of roads and bridges. The loan proceeds were to be used to fund the East-West Corridor, the ring road at Port Louis, a bus way, and the Harbour bridge. In 2011, the Government of Mauritius reported that this project was underway, and it was expected to be completed by 2015. It is unclear whether CADFund ever signed a final financing agreement for these projects.

Number of official sources

3

Number of unofficial sources

0

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Mauritius [Government Agency]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No