Project ID: 20864

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

Commitment amount

$ 5381659.757999999

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Mauritius

Sector

Business and other services (Code: 250)

Flow type

Loan

Concessional

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 year

2000

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 unofficial sources

4

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Mauritius [Government Agency]; Municipal Council of Quatre Bornes [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