Completed Development AidData Chinese Aid

China Eximbank provides loan for Lobito Port Restoration and Extension Project

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Jan 01, 2010
End Date	Sep 10, 2030
Duration	7,557 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`63957`

Grant Description

China Eximbank provides loan for Lobito Port Restoration and Extension Project In 2010, the $1.2 billion Lobito Port Restoration and Extension Project was financed with support from China Eximbank.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

Construction began on July 3, 2008 and was undertaken by China Harbour Engineering Company (CHEC). The project was completed on November 30, 2013. A handover ceremony for the project was held on December 11, 2013. However, the port is reportedly not yet fully operational.

Also, shore cranes are reportedly not working, and stevedoring is done by cranes with a low productivity of 12 moves per hour per vessel. Porto do Lobito is managed and operated by Empresa Portuária do Lobito (EPLo).

The Lobito port was refurbished in anticipation of the completion of the Benguela railway for the export of copper and other minerals from Zambia and the DRC.

📋 Staff Comments

The Chinese project title is 安哥拉洛比托港改扩建项目 or 安哥拉洛比托港扩建项目.
The Portuguese project title is Projecto de extensão do Porto do Lobito.
This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in 2020 and re-release in 2021.

📚 Sources & References

Angola: Lobito Port Expansion Project Completed
Modernisation and extension of Lobito port in Angola to cost US$1.2 billion
商务部李金早副部长率团访问安哥拉
中国港湾承建的安哥拉洛比托港扩建项目顺利完工
Tráfego diminui no Porto do Lobito
PORTO DO LOBITO RECUPERA POSIÇÃO ESTRATÉGICA NA REGIÃO
安哥拉洛比托港扩建项目正式移交业主
CREATING MARKETS IN ANGOLA
安哥拉洛比托港扩建项目顺利完工
口行为非洲八国融资过哪些大项目
走进非洲: 进出口银行的安哥拉足迹 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.