Project ID: 32587

Chinese Government provides RMB 80 million interest-free loan for Nouakchott University School of Medicine Construction Project

Commitment amount

$ 13216795.05

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Mauritania

Sector

Education (Code: 110)

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

2011

Completion

2013

2013-01-21

Actual

Geography

Description

According to the Government of Mauritania’s Development Assistance Database (DAD), the Chinese Government approved an RMB 80 million interest-free loan for the Nouakchott University School of Medicine Construction Project on March 8, 2011. Then, on August 3, 2011, the Chinese Government and the Government of Mauritania signed the RMB 80 million interest-free loan agreement. The project involved the construction of a teaching and experiment building, an administration office building, a lecture hall, and other ancillary facilities. The project was designed to support the development of higher education in the area of medicine for Mauritanian students at the University of Nouakchott and to accommodate 1,200 students at a time. China Geo-Engineering Corporation was the contractor responsible for implementation. The project commenced on October 9, 2011 and it was completed on January 21, 2013. It was then handed over to the local authorities on November 27, 2013.

Additional details

The Chinese project title is 努瓦克肖特大学医学院项目 or 援毛里塔尼亚努瓦克肖特大学医学院项目. The French project title is Projet de construction de la Faculté de Medecine or la construction et l'équipement de la Faculté de Médecine dans le cadre du nouveau Campus de l'Université de Nouakchott. The Arabic project is كلية الطب. This loan does not appear to be included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. 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

17

Number of unofficial sources

5

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Mauritania [Government Agency]

Implementing agencies [Type]

China Geo-Engineering Corporation (CGC) [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