China-Africa Development Fund pledges MUR 25 billion loan for the development of roads and bridges

$25M USD

Funder	China Development Bank (CDB)
Recipient Organization	China-Africa Development Fund (CADFund)
Country	Mauritius
Start Date	Apr 06, 2009
End Date	Nov 01, 2031
Duration	8,244 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`20419`

Grant Description

China-Africa Development Fund pledges MUR 25 billion loan for the development of roads and bridges On April 6, 2009, Zhao Jianping, a representative of the China-Africa Development Fund (CADFund), and Rama Sithanen, the Prime Minister of Mauritius, signed a memorandum of understanding (MOU) at a joint working session regarding a potential MUR 25 billion loan for the development of roads and bridges.

The loan proceeds were to be used to fund the East-West Corridor, the ring road at Port Louis, a bus way, and the Harbour bridge.

In 2011, the Government of Mauritius reported that this project was underway, and it was expected to be completed by 2015. It is unclear whether CADFund ever signed a final financing agreement for these projects.

📚 Sources & References

Table of Contents PSIP
MOU to foster cooperation between Mauritius and the CAD Fund
Africa Development Fund Signed a Memorandum of Understanding with Mauritius 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.