Completed Development AidData Chinese Aid

Chinese Government provides RMB 20 million interest-free loan for Mauritius Broadcasting Corporation (MBC) Headquarters Construction Project (Linked to Record ID#20881, #1144, #20089, #21229)

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Mauritius
Country	Mauritius
Start Date	Jan 01, 2004
End Date	Sep 23, 2028
Duration	9,032 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`20104`

Grant Description

Chinese Government provides RMB 20 million interest-free loan for Mauritius Broadcasting Corporation (MBC) Headquarters Construction Project On June 8, 2001, China’s Ministry of Commerce and the Government of Mauritius signed an RMB 20,000,000 loan agreement for the Mauritius Broadcasting Corporation (MBC) Headquarters Construction Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 20 year maturity

📅 Maturity20 years

⏳ Grace Period10 years

💹 Interest Rate0%

Its face value was subsequently revised to 19,017,800. #20881 captures the first loan agreement.

Three years later, in July 2004, China’s Ministry of Commerce and the Government of Mauritius signed a second loan agreement worth RMB 20,000,000 for the same project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 20 year maturity

📅 Maturity20 years

⏳ Grace Period10 years

💹 Interest Rate0%

It is repayable via annual installments between August 2014 and August 2024. #20104 captures the second loan agreement.

Then, in January 2005, China’s Ministry of Commerce and the Government of Mauritius signed a third loan agreement worth RMB 40,000,000 for the same project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 20 year maturity

📅 Maturity20 years

⏳ Grace Period10 years

💹 Interest Rate0%

It is repayable via annual installments between February 2015 and February 2025. #1144 captures the third loan agreement.

Then, on January 19, 2006, China’s Ministry of Commerce and the Government of Mauritius signed a fourth loan agreement worth RMB 20 million for the same project and for the acquisition of radio and TV broadcast equipment.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 20 year maturity

📅 Maturity20 years

⏳ Grace Period10 years

💹 Interest Rate0%

Then, in August 2006, China’s Ministry of Commerce and the Government of Mauritius signed a fifth loan agreement worth RMB 100,000,000 for the same project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 20 year maturity

📅 Maturity20 years

⏳ Grace Period10 years

💹 Interest Rate0%

This project involved the construction of a new headquarters building for the Mauritius Broadcasting Corporation (MBC) in Ebène, which is a suburb approximately 15 kilometers south of the country’s capital, Port Louis. Beijing Construction Engineering Group Co., Ltd. (BCEG) was the contractor responsible for implementation.

It signed a construction contract on January 18, 2008. Then, on March 19, 2008, a formal groundbreaking ceremony was held. However, the project did not actually start until August 20, 2008. It was ultimately completed in June 2010.

📋 Staff Comments

The Chinese project title is 毛里求斯广电大楼项目 or 毛里求斯广电大楼项目.

📚 Sources & References

http://www.bcegi.com.cn/news/jggjb/26.pdf, http://www.bcegi.com.cn/eng/view.php?tid=20&cid=9, http://dspace.cigilibrary.org/jspui/bitstream/123456789/32406/1/MauritiusInvestmentRelations.pdf?1
Mauritius
China sign five-million loan agreement, http://www.lexpress.mu/services/archive-35086-new-dawn-for-china-mauritius-relations.html, http://www.gov.mu/portal/goc/assemblysite/file/hansardsecd810.pdf, http://www.panapress.com/Mauritius-gets-$2.3-million-Chinese-loan--13-578166-18-lang2-index.html
Part 1 Public Sector Investment Programme
戴敏参赞再次赴我援毛里求斯广电大楼项目施工现场，了解工程进度
Chinese Ambassador to Mauritius Gao Yuchen attends the groundbreaking ceremony of the China-aided Maoist Broadcasting and Television Building Project
China Aided the Construction Contract for the Mauritius Radio and Television Building Project
News Center
我援毛里求斯广电大楼项目签署施工合同
Mauritius Broadcasting Corporation
Mauritius Broadcasting Corporation, http://www.gov.mu/portal/site/Mainhomepage/menuitem.a42b24128104d9845dabddd154508a0c/?content_id=58b47005d8b0a010VgnVCM1000000a04a8c0RCRD, http://www.gov.mu/portal/site/pmosite/menuitem.4ca0efdee47462e7440a600248a521ca/?content_id=3b24534d7bff7010VgnVCM100000ca6a12acRCRD, http://www.gov.mu/portal/site/pmosite?content_id=3c680bd3bcff7010VgnVCM100000ca6a12acRCRD, http://www.gov.mu/portal/goc/treasury/file/annual06/statj.pdf, http://www.gov.mu/portal/goc/treasury/file/annual09j/STATM.pdf, http://www.gov.mu/portal/site/Mainhomepage/menuitem.a42b24128104d9845dabddd154508a0c/?content_id=f8d9188ca9f6d210VgnVCM1000000a04a8c0RCRD, http://www.fmprc.gov.cn/eng/wjb/zzjg/fzs/gjlb/3039/
IMPACT OF CHINA – AFRICA INVESTMENT RELATIONS: AN IN-DEPTH CASE STUDY OF MAURITIUS
Public Sector Investor Programme
China grants Rs 300 Million to Mauritius
China grants an interest-free loan of Rs 70m to Mauritius
Cabinet Decisions taken on 30 July 2004
Statement of all Outstanding Loans Financed from Revenue
China and Mauritius
Decisions of Cabinet taken on 8 June 2001
Statement of Public Debt outstanding as at 30 June 2006 and Accumulated Sinking Funds as at the same date 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.