Active Development AidData Chinese Aid

Chinese Government pledges RMB 20 million interest-free loan for Phase 1 of Rose-Belle Construction Project

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Mauritius
Country	Mauritius
Start Date	Jul 01, 2004
End Date	Sep 04, 2029
Duration	9,196 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`55693`

Grant Description

Chinese Government pledges RMB 20 million interest-free loan for Phase 1 of Rose-Belle Construction Project On May 28, 2004, China’s Ministry of Commerce agreed to provide an RMB 20 million interest-free loan to partially finance Phase 1 of the Rose-Belle Construction Project. This project involved the construction of a new market, market fair, auction market, and traffic center in Rose-Belle.

The overall project cost was Rs 125 million and it was to be jointly financed by the Chinese Government and the Government of Mauritius.

However, AidData has not identified any evidence that Chinese government funding was ultimately used to support this project.

📋 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

Cabinet Decisions taken on 28 May 2004
Rose Belle
Mauritius
La coopération Chine-Maurice prend un nouvel essor 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.