Chinese Government pledges to provide interest-free loan for Plaza Theatre Repair and Renovation Project
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.
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Other social infrastructure and services (Code: 160)
On January 31, 2003, the Cabinet of the Government of Mauritius agreed in principle to use funds from interest-free loans offered by the Chinese Government for the renovation and repair of the Plaza Theatre in Rose-Hill. The project consisted of three phases: the renovation of the roof (Phase 1), the renovation of the facades and administrative wing (Phase 2), and the refurbishment of the theater space and auxiliary works (Phase 3). Phase 1 was fully financed by the Government of Mauritius itself. It is unclear how Phases 2 and 3 were financed and whether any Chinese Government funds were utilized.
Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20 years by default and grace period to 10 years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Mauritius [Government Agency]