Active Development AidData Chinese Aid

China Eximbank provides RMB 586 million government concessional loan for Industrial Fishing Port Project (Linked to Record ID#57090)

¥586K RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Mauritania
Country	Mauritania
Start Date	Jul 15, 2019
End Date	Mar 31, 2032
Duration	4,643 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67459`

Grant Description

China Eximbank provides RMB 586 million government concessional loan for Industrial Fishing Port Project On February 28, 2018, the Chinese Government and the Government of Mauritania signed a preferential loan framework agreement for the Industrial Fishing Port Project.

Then, on July 15, 2019, China Eximbank and the Government of Mauritania signed an RMB 586 million ($87 million) government concessional loan (GCL) agreement for the the Capital Fishing Port Project. The loan agreement was ratified by Mauritania’s Parliament on January 4, 2021.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate2%

The proceeds of the GCL are to be used by the borrower to finance a commercial contract with China Road and Bridge Corporation (CRBC).

The purpose of the project is to construct a multifunctional, industrial fishing port — located 28 kilometers south of the capital city of Nouakchott (also known as PK28 or the pole point located 28 km from Nouakchott) — with the capacity to produce 400,000 tons of fish per year.

The project involves the dredging of a basin ad channel, the construction of protective dykes on the north and south sides, the construction of landing quays, and the construction of auxiliary buildings.

The project is expected to generate 2,300 jobs, including 1,500 jobs during the construction phase and 800 permanent jobs. As of February 2022, AidData had not yet identified any evidence of project implementation.

📋 Staff Comments

This project is also known as the Capital Fishing Port Project and the PK28 Fishing Port Project. The Chinese project title is 首都渔港项目 or 毛塔首都渔港项目. The French project title is la construction d’un port de pêche à Nouakchott or construction du port de pêche industrielle.
This record has been marked as having evidence of financial distress because it was part of the debt restructuring agreements captured in records #95357, #95358, and #95359.

📚 Sources & References

张建国大使与毛里塔尼亚经财部长签署优惠贷款框架协议
Wang Yi Holds Talks with Minister of Foreign Affairs and Cooperation Isselkou Ould Ahmed Izid Bih of Mauritania
CRBC President Du Fei Meets with Moctar Ould Djay- Financial and Economic Minister of Mauritania
Nouakchott will acquire its first fishing port thanks to a Chinese financing of USD92.8 million)
APA can report on Thursday
首都渔港贷款协议在努瓦克肖特签署
China provides US$87 million in loan to build a large fishing port in Mauritania
China loans Mauritania $87m for port construction
Mauritanian firm seeks Chinese investment despite Hong Dong investigation
CRBC President Du Fei Meets with Moctar Ould Djay- Financial and Economic Minister of Mauritania
ISLAMIC REPUBLIC OF MAURITANIA SECOND REVIEW UNDER THE EXTENDED CREDIT FACILITY ARRANGEMENT
AND REQUEST FOR MODIFICATION OF PERFORMANCE CRITERIA—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR ISLAMIC REPUBLIC OF MAURITANIA
对外投资合作国别（地区）指南毛里塔尼亚（2020年版）
毛里塔尼亚与中国关系
Mauritanie: 586 Millions de la chine pour la construction d'un port de peche
Mauritanie : l'Exim Bank de Chine accorde un prêt de 84 millions $ pour la construction d’un port de pêche à Nouakchott
Mauritanie-chine: un pret de 87 millions de dollars pour la construction dun-port de peche
Mauritanie un pret de la chine de 586 millions de yuans pour la construction dun port de peche a Nouakchott
Mauritanie-Chine: un prêt de 87 millions de dollars pour la construction d'un port de pêche à Nouakchott
Côte d’Ivoire-AIP/Inter/La Chine accorde un prêt à la Mauritanie pour la construction d’un port de pêche à Nouakchott
La Chine accorde un prêt à la Mauritanie pour la construction d’un port de pêche à Nouakchott
DRS Official Commitments from China through 2020
Examen du projet de loi 19/029
La commission économique discute le projet de loi relatif au financement de construction du port de pêche de Nouakchott
Signature d'un accord sino-mauritanien pour la construction d’un port de pêche industrielle à Nouakchott
Mauritanie: la China Road and Bridge Company (CRBC) pousse ses pions
驻毛里塔尼亚大使张建国会见毛塔政府经济与工业部部长
中国路桥毛里塔尼亚办事处总经理范顺平：在撒哈拉沙漠援外50年
La Chine va construire un port de pêche industrielle à Nouakchott
Nouakchott City Urban Master Plan Development Project In Islamic Republic of Mauritania Final Report
La commission économique discute le projet de loi relatif au financement de construction du port de pêche de Nouakchott
Chinese Loans to Africa Database (2022 Update) 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.