Completed Mixed AidData Chinese Aid

China Eximbank provides $260 million preferential buyer’s credit for Sir Seewoosagur Ramgoolam Airport Expansion Project

$260M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Airport Terminal Operations Limited (ATOL)
Country	Mauritius
Start Date	Feb 17, 2009
End Date	Jul 20, 2027
Duration	6,727 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1156`

Grant Description

China Eximbank provides $260 million preferential buyer’s credit for Sir Seewoosagur Ramgoolam Airport Expansion Project On February 17, 2009, China Eximbank and Airport Terminal Operations Limited (ATOL) — a state-owned company in Mauritius — signed a $260,000,000 preferential buyer’s credit (PBC) agreement for the Sir Seewoosagur Ramgoolam Airport Expansion Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate2%

The total cost of the Sir Seewoosagur Ramgoolam Airport Expansion Project was $305 million and the borrower was expected to use the PBC (loan) proceeds to finance approximately 85% of the total project cost (and 85% of the total cost of a commercial contract with China Construction Eighth Engineering Division Co Ltd.).

The loan’s outstanding amount as of June 30, 2018 was $181,959,183. Its outstanding amount as of June 30, 2021 was $103,976,676.

This project involved the construction of a new passenger terminal at Sir Seewoosagur Ramgoolam International Airport in the village of Plaine Magnien.

It also involved a 59,000 square meter expansion of the airport’s apron and the construction of a parking lot, cooling station, and emergency power generation unit.

Upon completion, it was envisaged that the new facility — with a total area of 57,000 square meters — would be able to accommodate 4.5 million passengers each year, thus doubling the baseline capacity of the airport.

The new passenger terminal was designed by Aéroports de Paris Management (ADPM) and Aéroports de Paris Engineering (ADPI). Louis Berger Group Inc. and Aéroports de Paris Ingenierie also served as consultants.

China Construction Eighth Engineering Division Co Ltd. — a subsidiary of China State Construction Engineering Corporation Ltd. — was the contractor responsible for project implementation. It was awarded a construction contract on December 30, 2009. Construction began on March 30, 2011. The project was officially completed at an inauguration ceremony that took place on August 30, 2013.

The new passenger terminal has 5 new aircraft parking stands in addition to the 3 existing ones of the old passenger terminal and 8 passenger boarding bridges for simultaneous handling of 6 wide-bodied aircrafts and 3 passenger boarding bridges for handling of A380 aircraft. At peak time, the passenger terminal can handle up to 15 flights departures and arrivals.

The public car park area has room for a total of more than 1300 vehicles and the elevated roadway to the passenger terminal has two separate lanes to allow better fluidity in the dropping off of passengers.

📋 Staff Comments

This project is also known as the Sir Seewoosagur Ramgoolam International Airport (SSR) Upgrade - Passenger Terminal Project. The Chinese project title is 毛里求斯——拉姆古兰机场 or 西沃萨古尔·拉姆古兰爵士国际机场.
The Government of Mauritius holds a 90% ownership stake in ATOL through Airports of Mauritius Ltd (another state-owned company in Mauritius).
Some sources identify the cost of the commercial (EPC) contract as $301 million rather than $305 million. This issue warrants further investigation.

📚 Sources & References

http://mu.mofcom.gov.cn/aarticle/jmxw/200902/20090206053035.html, http://www.gov.mu/portal/site/mfasite/menuitem.98ff0fe2743f2273af6d2f2ba0208a0c/?content_id=496cb4e090d8f110VgnVCM1000000a04a8c0RCRD, http://www.cscsf.com/Item.aspx?ID=176897
Travel & tourism: Mauritius
Hu wraps up Africa tour with Mauritius deals, http://www.gov.mu/portal/goc/gis/file/e-News%20July%202012.pdf
Assistant Foreign Minister Zhang Ming Visits Mauritius to Launch China-Malaysia Political Consultation
MAURITIUS AIRPORT DOUBLES CAPACITY WITH NEW TERMINAL
毛里求斯双边回顾
Bilateral Relations between Mauritius and the People’s Republic of China
Cabinet Decisions taken on 13 February
Statement of Contingent Liabilities including details of any Loans
Bank Overdrafts or Credit Facilities
PUBLIC SECTOR INVESTMENT PROGRAMME
The opening ceremony of the new Mauritius airport undertaken by China Construction
中国建筑承建的毛里求斯新机场盛大开业
The Mauritius Airport project contracted by China Construction was officially completed
The Mauritius International Airport constructed by China State Construction Engineering Corporation won three honors in the 2014 Annual Appraisal of the International Airport Commission (ACI)
Sir Seewoosagur Ramgoolam International Airport
我中建八局承建的毛机场扩建项目进展顺利，受到毛方高度评价
ADPM and ADPI
Aéroports de Paris Subsidiaries
Will Develop and Manage Mauritius International Airport New Terminal
Signature d’accord entre Maurice et Chine
边燕花大使视察机场项目建设工地
New Airport Terminal: Contribution Of Rs 1 Billion Passengers, 21a-STAT L_Combined.pdf
Signature d’accord entre Maurice et Chine
Airport Terminal Operations Ltd
Mauritius Airport Case Study.pdf
INAUGURATION DU NOUVEAU TERMINAL DE L’AÉROPORT INTERNATIONAL SIR SEEWOOSAGUR RAMGOOLAM
Prime Minister's Office - Cabinet Decisions taken on 13 February.pdf
Mauritius Airport: Take off from the sugar cane field
Sir Seewoosagur Ramgoolam International Airport
Sir Seewoosagur Ramgoolam International Airport, http://global.factiva.com/aa/?ref=AFPR000020090217e52h005qx&pp=1&fcpil=en&napc=S&sa_from=
中非关系为何“非”比寻常？盘点中国央企在非重点基建项目
毛里求斯国家概况
Statement of Contingent Liabilities including details of any Loans
Bank Overdrafts or Credit Facilities Guaranteed by Government as at 30 June 2018
Statement of Contingent Liabilities including details of any Loans
Bank Overdrafts or Credit Facilities Guaranteed by Government as at 30 June 2021
Full_Annual_Report 2020-2021
China Loans to Africa
毛里求斯机场项目---与中建结缘
About The Airport
Airport: Negotiations to Relocate Twenty Families
China's Overseas Development Finance 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

Airport Terminal Operations Limited (ATOL)

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