[Cancelled] China Metallurgical Corporation provides $136 million loan for Nouakchott International Airport Construction Project

[Cancelled] China Metallurgical Corporation provides $136 million loan for Nouakchott International Airport Construction Project On June 6, 2005, the Government of Mauritania and the China Metallurgical Corporation (MCC) signed an agreement to construct a new international airport at Nouakchott, the country's capital.

The agreement stipulated that, with support from the Chinese Government, MCC would provide a $136 million supplier credit (loan) to the Government of Mauritania to cover about 80% of the total cost of the project. The remaining 20% would be covered by the Government of Mauritania. 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.