Active Development AidData Chinese Aid

China Development Bank provides $80 million loan for Magude Cement Factory Construction Project

$80M USD

Funder	China Development Bank (CDB)
Recipient Organization	Africa Great Wall Cement Manufacturer Company, Ltd. (非洲长城水泥制造有限)
Country	Mozambique
Start Date	Jan 01, 2011
End Date	May 01, 2033
Duration	8,156 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1221`

Grant Description

China Development Bank provides $80 million loan for Magude Cement Factory Construction Project On June 18, 2010 the President of China Development Bank (CDB), Jiang Chaoling, announced CDB would provide an $80 million loan to Africa Great Wall Cement Manufacturer Company, Ltd. (or 非洲长城水泥制造有限) — a project company and special purpose vehicle — for the Magude Cement Factory Construction Project.

The project involved the construction of a cement factory in Chichuo, 11 kilometers from the town of Magude in Maputo Province, in an 80 hectare area. Upon completion, the factory was designed to produce up to 500,000 tons of cement per year. Sinohydro was the contractor responsible for implementation.

Prior to implementation, an environmental impact assessment (EIA) was undertaken and families living in the area were relocated to make way for the development of the factory. Construction began on February 15, 2011. However, it is unclear if or when this project reached completion.

📋 Staff Comments

1. The Chinese project title is 马普托马谷德水泥项目 or 中国水电集团莫桑比克水泥厂投资项目 or 莫桑比克水泥厂项目.

📚 Sources & References

http://www.cementchina.net/news/shownews.asp?id=8068
Chinese Banks to Invest U.S.$165 Million, http://dspace.cigilibrary.org/jspui/bitstream/123456789/32541/1/saia_spb_37_alves_20111111.pdf?1
China Started Projects in Mozambique
CENÁRIO FISCAL DE MÉDIO PRAZO 2013-2015
莫桑比克水泥厂项目正式启动（图）
黄松甫大使一行考察中国水电莫桑比克水泥厂项目
中国财团将在莫桑比克投资7800万美元建设水泥厂
黄松甫大使一行考察中国水电莫桑比克水泥厂, 500,000t/yr plant planned for Mozambique
Construction of three cement plants in Maputo expected to lower cement prices in Mozambique
An Enterprise Map of Mozambique
济南域潇集团莫桑比克获两个锆钛矿采矿权
Chinese investors to build cement factory in Mozambique
Construction of cement plant by Africa Great Wall Cement Manufacturer in Mozambique due to begin in 2012, http://global.factiva.com/aa/?ref=AFNWS00020100618e66i001rx&pp=1&fcpil=en&napc=S&sa_from=
黄松甫一行访问中国水电莫桑比克水泥厂项目
我会员企业中国水电签订莫桑比克水泥厂项目投资协议
驻莫桑比克大使苏健在《中国投资》上发表署名文章《莫桑比克：中国企业对非洲投资合作的热土》
Chinese Banking Interests in Mozambique
China's Involvement in Mozambique 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.