China Eximbank provides RMB 583 million government concessional loan for 172 km Aftout Echarghui Road Project (Linked to Record ID#56793)

Funder	China (People's Republic of)
Recipient Organization	Mauritania
Country	Mauritania
Start Date	May 17, 2010
End Date	Jul 09, 2028
Duration	6,628 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`18756`

Grant Description

China Eximbank provides RMB 583 million government concessional loan for 172 km Aftout Echarghui Road Project On December 29, 2010, China Eximbank and the Government of Mauritania’s Ministry of Equipment and Transport signed an RMB 583 million government concessional loan (GCL) agreement for the 172 km Aftout Echarghui Road Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

The loan agreement was ratified by Mauritania’s Parliament on April 13, 2011. The purpose of this project was to open up the poverty-stricken southern areas 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.