Chinese Government pledges RMB 20 million interest-free loan for Phase 1 of Rose-Belle Construction Project
Pledged amount
$ 5503618.868725722
Adjusted pledged amount
$ 5503618.868725722
Constant 2021 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.
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Mauritius
Sector
Other social infrastructure and services (Code: 160)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
On May 28, 2004, China’s Ministry of Commerce agreed to provide an RMB 20 million interest-free loan to partially finance Phase 1 of the Rose-Belle Construction Project. This project involved the construction of a new market, market fair, auction market, and traffic center in Rose-Belle. The overall project cost was Rs 125 million and it was to be jointly financed by the Chinese Government and the Government of Mauritius. However, AidData has not identified any evidence that Chinese government funding was ultimately used to support this project.
Additional details
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
1
Number of total sources
3
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Mauritius [Government Agency]
Loan Details
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element (OECD Grant-Equiv)
57.6211%