Overview

Chinese Government provides RMB 40 million loan for Passenger-Cargo Vessel Acquisition Project

Commitments (Constant USD, 2023)$11,223,776

Commitment Year•2001Country of Activity•MauritiusDirect Recipient Country of Incorporation•MauritiusSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2001

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

China Ministry of Commerce

Receiving agencies

State-owned Banks

Development Bank of Mauritius Limited (DBM)

State-owned companies

Mauritius Shipping Cooperation Ltd.

Loan description

Chinese Government provides RMB 40 million loan for Passenger-Cargo Vessel Acquisition Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2001, China’s Ministry of Commerce provided an RMB 40 million loan to Development Bank of Mauritius Ltd. for a Passenger-Cargo Vessel Acquisition Project. Development Bank of Mauritius Ltd., in turn, used the proceeds of this loan to on-lend to Mauritius Shipping Corporation Ltd, a state-owned enterprise in Mauritius. The purpose of this project was to facilitate the acquisition of a dual-use (两用) vessel to carry both passengers and cargo. China’s Ministry of Commerce identifies this project as a completed foreign aid project.

Staff comments

The Chinese project title is 提供客货两用船.