France is one of Mauritius’s major economic and trading partners: in 2009, we were its 2nd largest customer (behind the United Kingdom) and its 3rd largest supplier behind India (exclusive importer of petroleum products) and China (modest volume of €602 million, but with a positive balance of €98 million) and its top foreign investor (stock of about €676 million). Allowed to resume operations in June 2006, at the request of the Mauritian Prime Minister, AFD has become, with a total commitment of €419 million, the 2nd largest bilateral donor (behind China).
Since 2008, infrastructures and sustainable development have been at the heart of economic issues, resulting in:
ADP (Aéroport de Paris) being awarded the project to extend the international airport;
a subsidiary of Colas being awarded, with AFD financing (€40 million), the construction of a bypass road around Port-Louis (“Terre Rouge – Verdun”);
AFD granting a sovereign loan of €65 million for the construction of a wastewater treatment plant and connection networks (Sogreah, Degremont, and Suez);
the selection, to be confirmed, of the CMA-CGM group as a strategic partner for modernizing the ports (AFD funding expected);
developing wind power based on French “Aérowatt-Vergnet” technology (the first of three planned farms should be operational in 2011);
the innovative GDF-Suez project providing air-conditioning using deep sea water;
AFD granting a loan of €125 million in program aid benefitting the flagship project “Sustainable Mauritius” desired by Prime Minister Ramgoolam, with the help of Joël de Rosnay;
AFD granting a credit line of €40 million to encourage “green” investments.
Besides the fact that this allowed France to export its expertise and position itself as the most active partner, sustainable development has been one of the factors boosting Mauritius’ interest in Reunion.
Updated on 19.06.12