India has extended a new Line of Credit for INR 487.60 Crores to the Government of Mauritius for financing of a water pipeline replacement project.
- This is the first-ever ₹ denominated Line of Credit to have been extended by India for project financing to any country under the Indian Development and Economic Assistance Scheme (IDEAS).
- The project envisages replacement of approx. 100 km of obsolete water pipeline in Mauritius.
- The GOI-supported Line of Credit will be financed by the State Bank of India at concessional terms.
- The project envisages replacement of nearly 100 km of obsolete water pipeline in Mauritius.
