Active Mixed AidData Chinese Aid

China Construction Bank contributes to $145 million credit line for infrastructure projects in 2002 (Linked to Record ID#152, #103, #34594, #34589)

$72.5M USD

Funder	China Construction Bank Corporation (CCB)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Jan 01, 2002
End Date	Mar 04, 2027
Duration	9,193 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`109583`

Grant Description

China Construction Bank and China Eximbank contributes to $145 million credit line for infrastructure projects in 2002 In 2002, China Eximbank and China Construction Bank made available a $145 million credit line to the government of Angola for infrastructure projects contracted to Chinese companies in Angola.

Record #67143 captures China Eximbank's contribution. Record #109583 captures China Construction Bank's contribution.

The projects financed under this credit line include the rehabilitation of electricity networks in Namibe and Tombowa (record #34594), Phase I of the rehabilitation of electricity networks in Luanda (record #103), the rehabilitation of the electricity networks in Lubango (Record ID#34589), and Phase I of the rehabilitation of the Luanda railway (record #152).

The money from this credit line was distributed directly to Chinese firms implementing this project's subsidiary projects.

It was reported that the loan supporting the Luanda Railway and the rehabilitation of electricity networks in Luanda (Phase 1) was provided in the form of export seller's credit, hence it is assumed that this loan is also in the form of export seller's credit.

📋 Staff Comments

1. The individual contributions of China Eximbank and China Construction Bank to the $145 million credit line are unknown. For the time being, AidData assumes equal contributions ($72.5 million) across the two financiers.

📚 Sources & References

Uncovering African Agency : Angola's Management of China's Credit Lines
Chinese Financial Assistance in Angola
Country Level Evaluation Angola
对非洲石油的渴求 —记在尼日利亚和安哥拉的亚洲国有石油公司
Building Bridges: China's Growing Role as Infrastructure Financier for Sub-Saharan Africa
China-Angola aid relations: strategic cooperation for development?
China in Africa 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.