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Overview

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

Commitments (Constant USD, 2023)$5,726,766
Commitment Year•2000Country of Activity•MauritiusDirect Recipient Country of Incorporation•MauritiusSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2000
First repayment
Dec 29, 2009
Last repayment
Dec 27, 2019

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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This project was located in the town of Quatre Bornes. More detailed locational information can be found at https://www.google.com/maps/place/Quatre+Bornes,+Mauritius/@-20.2641125,57.4372451,13z/data=!3m1!4b1!4m5!3m4!1s0x217c5b362a53eb21:0xa89e7a31911b7451!8m2!3d-20.2674718!4d57.4796981

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Mauritius
  • Municipal Council of Quatre Bornes

Loan desecription

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

Grace period•10 yearsGrant element•75.0516%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

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.