Chinese Government provides SCR 52.4 million grant for Phase 3 of Corgate Housing Project (Linked to Record ID#73585 and ID#73584)

On February 26, 2015, the Chinese Government and the Government of Seychelles signed an exchange of letters related to Phase 3 of the Corgate Housing Project.

China’s Ministry of Commerce (MOFCOM) was the source of funding and it committed approximately SCR 52.4 million in total.

The purpose of the Corgate Housing Project was to completely rebuild 157 outdated housing units (that were torn down) and further increase the capacity of the Corgate Housing estate to a total of 191 units (through the construction of of four blocks of 32 affordable housing units with three bedrooms each).

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.