Completed Development AidData Chinese Aid

China Eximbank provides RMB 2 billion government concessional loan for Phase 1 of Autonomous Port of Nouakchott Expansion Project (Linked to Record ID#56903)

¥2M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Mauritania
Country	Mauritania
Start Date	Jan 01, 2009
End Date	Nov 05, 2032
Duration	8,709 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`36188`

Grant Description

China Eximbank provides RMB 2 billion government concessional loan for Phase 1 of Autonomous Port of Nouakchott Expansion Project In 2009, China Eximbank and the Government of Mauritania signed an RMB 2 billion government concessional loan (GCL) for Phase 1 of the Autonomous Port of Nouakchott Expansion Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 20 year maturity

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate2%

Phase 1 involved an expansion of Berth No. 4 and Berth No. 5 at the Autonomous Port of Nouakchott (French: Port Autonome de Nouakchott: Arabic: ميناء نواكشوط).

It also involved the construction of a safety embankment of 5 kilometers to protect the harbor and the city of Nouakchott.

Upon completion, it was envisaged that the project would raise the harbor's output to above four million tons per year and spur economic and social development in Mauritania. China Road and Bridge Corporation (CRBC) was the contractor responsible for implementation. A groundbreaking ceremony was held on September 25, 2009.

The project was completed in June 2014 and a completion ceremony was held on August 3, 2014.

The Chinese Government also provided a separate loan for Phase 2 of the Autonomous Port of Nouakchott Expansion Project (captured in Record ID #56903), which involved the dredging of Berth No. 1, Berth No. 2, and Berth No. 3 at the Autonomous Port of Nouakchott.

📋 Staff Comments

The Autonomous Port of Nouakchott is also known as Friendship Harbor (Port de l'Amitié), as its construction was originally funded by the Chinese Government in the 1980s.
The Chinese project title is 毛里塔尼亚友谊港扩建项目.

📚 Sources & References

294 millions de dollars de la Chine pour l\'extension du Port Autonome de Nouakchott
MRT/000450 - Centrale Hydro-électrique de Gouina à la République du Mali
Agence de financement Rapport
President Mohamed Ould Abdel Aziz of Mauritania Meets with Wang Yi
Mauritanian leader
Chinese official launch Nouakchott Port project
Li Jun- Vice Minister of the International Department
Central Committee of CPC Inspects the Friendship Port in Mauritania undertaken by CRBC
RAPPORT ANNUEL 2009
中国进出口银行优贷部代表团访问毛里塔尼亚
毛里塔尼亚友谊港扩建项目举行盛大竣工典礼
我援毛里塔尼亚友谊港扩建项目进展显著, http://en.ccccltd.cn/business/overseas/201011/t20101112_1559.html, http://news.xinhuanet.com/english/2009-09/26/content_12114039.htm
Mauritanian president meets Chinese engineering company chief
China and EU to finance the upgrading of Mauritanian ports.
New transport investment surges continentwide, http://dazzlepod.com/cable/09NOUAKCHOTT236/
中国进出口银行社会责任 > 服务社会 > 国际经济合作
毛里塔尼亚友谊港4号、5号泊位工程
Mauritania Nouakchott Friendship Port Reconstruction
Mauritania
毛里塔尼亚友谊港扩建项目举行开工奠基仪式
Data Entry Form
République islamique de Mauritanie Actualisation de l’Étude diagnostique pour l’intégration du commerce
Pursuing win-win progress with other developing countries by fulfilling assistance pledges
Annual Report 2015
Extension du Port Autonome de Nouakchott
Nouakchott Port
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.