Active Development AidData Chinese Aid

Chinese Government pledges to provide interest-free loan for Plaza Theatre Repair and Renovation Project

$457M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Mauritius
Country	Mauritius
Start Date	Jan 01, 2003
End Date	Oct 24, 2028
Duration	9,428 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`20910`

Grant Description

Chinese Government pledges to provide interest-free loan for Plaza Theatre Repair and Renovation Project On January 31, 2003, the Cabinet of the Government of Mauritius agreed in principle to use funds from interest-free loans offered by the Chinese Government for the renovation and repair of the Plaza Theatre in Rose-Hill.

The project consisted of three phases: the renovation of the roof (Phase 1), the renovation of the facades and administrative wing (Phase 2), and the refurbishment of the theater space and auxiliary works (Phase 3). Phase 1 was fully financed by the Government of Mauritius itself. It is unclear how Phases 2 and 3 were financed and whether any Chinese Government funds were utilized.

📋 Staff Comments

Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

http://www.gov.mu/portal/site/pmosite/menuitem.4ca0efdee47462e7440a600248a521ca/?content_id=12880bd3bcff7010VgnVCM100000ca6a12acRCRD, http://www.gov.mu/portal/goc/assemblysite/file/hansardsecd1011.pdf
Prime Minister's Office
The Plaza theatre
FIFTH NATIONAL ASSEMBLY PARLIAMENTARY 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.