Project ID: 20864

Chinese Government provides RMB 20 million interest-free loan for Quatre Bornes New Market Project

Commitment amount

$ 6200300.01448102

Adjusted commitment amount

$ 6200300.01

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Mauritius

Sector

Business and other services (Code: 250)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (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: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2000-01-01

Geography

Description

On November 30, 2000, China’s Ministry of Commerce and the Government of Mauritius signed an RMB 20 million interest-free loan agreement for the Quatre Bornes New Market Project. This loan carries the following terms: 20 year maturity, 10 year grace period, and 0% interest rate. The proceeds of the loan were to be on-lent to the Municipal Council of Quatre Bornes for the construction of a new market place in Quatre Bornes. The implementation status of this project is unknown.

Number of official sources

4

Number of total sources

8

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Mauritius [Government Agency]

Indirect receiving agencies [Type]

Municipal Council of Quatre Bornes [Government Agency]

Loan Details

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element (OECD Grant-Equiv)

57.6211%

Bilateral loan

Interest-free loan

Investment project loan