Chinese Government provides RMB 19.6 million interest-free loan (ETCA) (Linked to #20080, #1163, #72965, #72993)
Commitment amount
$ 5006958.3719999995
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.
Umbrella project
This project is classified as an "umbrella" project, and is connected to related projects.
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Mauritius
Sector
Government and civil society (Code: 150)
Flow type
Loan
Concessional
Yes
Category
Project lifecycle
Description
On January 16, 2003, China’s Ministry of Commerce and the Government of Mauritius signed an RMB 19,600,000 loan agreement. This loan carried the following terms: 0% interest rate, a 20 year maturity, and a 10 year grace period. It is repayable via annual installments between February 2013 and February 2023. The proceeds from this loan were earmarked to support two different projects: a Container Inspection Equipment Project and a CCTV Street Surveillance System and Island-Wide Digital Radio Communication System Project. The Container Inspection Equipment Project, which was also supported by another RMB 20 million loan (see #20080), involved the provision of container inspection equipment to the customs authorities in Mauritius for use at an airport and seaport. It was officially completed and handed over the local authorities in April 2006. The CCTV Street Surveillance System and Island-Wide Digital Radio Communication System Project, which was supported by 3 additional Chinese Government loans (see #1163, #72965, and #72993), involved the installation of 340 CCTV cameras in the Port Louis and Grand Baie areas, and the installation of an island-wide digital radio communications. It was completed on October 21, 2011.
Additional details
This project is also known as the X-Ray Scanning Equipment and CCTV Surveillance System Project.
Number of official sources
8
Number of unofficial sources
5
Details
Cofinanced
No
Receiving agencies [Type]
Government of Mauritius [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