Completed Development AidData Chinese Aid

China Eximbank provides RMB 100 million loan for 1522 Low Cost Housing Units Project

¥100M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Development Bank of Mauritius Limited (DBM)
Country	Mauritius
Start Date	Jan 01, 2002
End Date	Jan 05, 2029
Duration	9,866 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1141`

Grant Description

China Eximbank provides RMB 100 million loan for 1522 Low Cost Housing Units Project On June 19, 2002, the Export-Import Bank of China signed an RMB 100 million loan agreement with the Development Bank of Mauritius Ltd (DBM) for the 1522 Low Cost Housing Units Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: a 12 year maturity

📅 Maturity12 years

⏳ Grace Period4 years

💹 Interest Rate4%

DBM used the proceeds from this loan to on-lend to National Housing Development Company Ltd, a state-owned enterprise in Mauritius. This project involved the construction of 1,522 low-income housing units and related facilities.

China's Jiangsu International Economic and Technological Cooperation Company was the contractor responsible for implementation. Construction began in 2002 and this project reached completion in 2006.

According to a Statement of Contingent Liabilities published by the Government of Mauritius on December 31, 2009, the outstanding balance of this loan was RMB 62.5 million, signifying that repayment had begun by the end of 2009.

📋 Staff Comments

This project is also known as the 1522 Low Cost Housing Project, 1522 Low Cost Housing Project, 1522 Low-Cost Housing Project, 1500 Low Cost Housing Project, 1500 Low-Cost Housing Project, the Social Housing Project, and the Low-Cost Housing Construction - 1500 Units Project. The Chinese project title is 成1500套低造价住房 or 1500套低造价住房 or 毛里求斯住房项目 or 毛里求斯1500套住房项目.

📚 Sources & References

http://www.gov.mu/portal/site/mfasite/menuitem.98ff0fe2743f2273af6d2f2ba0208a0c/?content_id=496cb4e090d8f110VgnVCM1000000a04a8c0RCRD, http://www.guaranty.com.cn/new/view_user.asp?id=4679, http://global.factiva.com/aa/?ref=apulse0020020619dy6j0020s&pp=1&fcpil=en&napc=S&sa_from=
中国进出口银行与毛里求斯发展银行签署贷款协议
Statement of Contingent Liabilities including details of any Loans
Bank Overdrafts or Credit Facilities Guaranteed by Government as at 31 December 2009
Construction company won the bid for the Mauritius project
Overview of the Sino-Mauritian Economic and Trade Cooperation
Survey of Sino-Mauritian Bilateral Relations
Zhongjiang successfully developed the Mauritius engineering contracting market
Table 1b - Details of Public Enterprise External Debt.xls
Mauritius National Assembly
Overview of Social Housing Programs Effected in Mauritius since the 1960’s by the Government
Private sector and NGOs
Aiding Transparency: What We Can Learn About China ExIm Bank’s Concessional Loans
我中江公司中标毛里求斯6593万美元别墅群项目
Loans_Bank Overdrafts_Credit Facilities - External Sources Amoun…ty Borrower Lend.pdf
NHDC : 8.531 logements construits de 2015 à 2020
Logements sociaux : livraison de 3 901 maisons en décembre, 5th edition of People's Daily on June 21, 2002
La NHDC livre plus de 2 000 maisons
Li Ruogu on China-Africa Cooperation
Speech by H.E. Ambassador WANG FUYUAN at the … to Mauritius.pdf
How China delivers development assistance to Africa
Survey of Sino-Mauritian Bilateral Relations Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Development Bank of Mauritius Limited (DBM)

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