Project ID: 20881

Chinese Government provides RMB 19,017,800 interest-free loan for Mauritius Broadcasting Corporation (MBC) Headquarters Construction Project (Linked to #21229, #20104, #1144, #20089)

Commitment amount

$ 5014712.831

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Mauritius

Sector

Communications (Code: 220)

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2001

Implementation

2008

2008-08-20

Actual start

Completion

2010

2010-06-01

Actual

Geography

Description

On June 8, 2001, China’s Ministry of Commerce and the Government of Mauritius signed an RMB 20,000,000 loan agreement for the Mauritius Broadcasting Corporation (MBC) Headquarters Construction Project. This loan carried the following terms: 20 year maturity, 10 year grace period, and 0% interest rate. Its face value was subsequently revised to 19,017,800. #20881 captures the first loan agreement. Three years later, in July 2004, China’s Ministry of Commerce and the Government of Mauritius signed a second loan agreement worth RMB 20,000,000 for the same project. This loan carried the following terms: 20 year maturity, 10 year grace period, and 0% interest rate. It is repayable via annual installments between August 2014 and August 2024. #20104 captures the second loan agreement. Then, in January 2005, China’s Ministry of Commerce and the Government of Mauritius signed a third loan agreement worth RMB 40,000,000 for the same project. #1144 captures the third loan agreement.This loan carried the following terms: 20 year maturity, 10 year grace period, and 0% interest rate. It is repayable via annual installments between February 2015 and February 2025. Then, on January 19, 2006, China’s Ministry of Commerce and the Government of Mauritius signed a fourth loan agreement worth RMB 20 million for the same project and for the acquisition of radio and TV broadcast equipment. This loan carried the following terms: 20 year maturity, 10 year grace period, and 0% interest rate. #20089 captures the fourth loan agreement. Then, in August 2006, China’s Ministry of Commerce and the Government of Mauritius signed a fifth loan agreement worth RMB 100,000,000 for the same project. This loan carried the following terms: 20 year maturity, 10 year grace period, and 0% interest rate. #21229 captures the fifth loan agreement. This project involved the construction of a new headquarters building for the Mauritius Broadcasting Corporation (MBC) in Ebène, which is a suburb approximately 15 kilometers south of the country’s capital, Port Louis. Beijing Construction Engineering Group Co., Ltd. (BCEG) was the contractor responsible for implementation. It signed a construction contract on January 18, 2008. Then, on March 19, 2008, a formal groundbreaking ceremony was held. However, the project did not actually start until August 20, 2008. It was ultimately completed in June 2010.

Additional details

The Chinese project title is 毛里求斯广电大楼项目 or 毛里求斯广电大楼项目.

Number of official sources

17

Number of unofficial sources

15

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Mauritius [Government Agency]

Implementing agencies [Type]

Beijing Construction Engineering Group Co., Ltd. (BCEG) [State-owned Company]; Mauritius Broadcasting Corp. [State-owned Company]

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