Active Development AidData Chinese Aid

CDB provides loan for Caxito Irrigated Perimeter Construction Project (Linked to Record ID#67)

Funder	China Development Bank (CDB)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Nov 09, 2009
End Date	Feb 24, 2027
Duration	6,316 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64674`

Grant Description

CDB provides loan for Caxito Irrigated Perimeter Construction Project On November 9, 2009, China Development Bank (CDB) and the Government of Angola signed a $1.5 billion common terms agreement to support social housing, agriculture, roads and railways, schools and hospitals, water and energy production, and transportation and telecommunication projects (as captured via Record ID#67).

CDB and the Government of Angola subsequently signed a subsidiary loan agreement for the Caxito Irrigated Perimeter Construction Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

The purpose of the project was to facilitate the irrigation of agricultural fields in the locality of Caxito within Bengo Province. It also involved the cultivation of bananas on 3,600 hectares of land. Sinohydro was the contractor responsible for implementation. According to the World Bank, this project was still being implemented as of 2019.

📋 Staff Comments

This project appears to be distinct from Record ID#34898 and Record ID#34784, but it is unclear if the CDB financial commitment captured by Record ID#64674 captures supplemental funding for one of those projects or an entirely separate project. This issue warrants further investigation.
This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.
In order to eliminate the risk of double-counting financial commitments, AidData does not record a transaction value (commitment amount) for the CDB loan that supported the Caxito Irrigated Perimeter Construction Project. This borrowing (drawdown) under the $1.5 billion common terms agreement is almost certainly already captured via Record ID#67.

📚 Sources & References

MEMORANDUM
GOVERNMENT OF THE REPUBLIC OF ANGOLA SUPPORT TO NEPAD–CAADP IMPLEMENTATION
Portugal to receive 200 more tons of bananas produced in Angola
Bengo: Caxito Irrigated Perimeter to increase banana production
Angola: Bengo - Caxito Irrigated Perimeter to Increase Banana Production
中国工人在安哥拉农业灌溉合作项目工地上工作
Chinese Loans to Africa Database
CREATING MARKETS IN ANGOLA
中国与安哥拉经济合作特点探析 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.