Completed Development AidData Chinese Aid

ICBC provides $129.9 million loan for Luanda Household Water Connections Project (Linked to Record ID#65674)

$129.91M USD

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Dec 09, 2013
End Date	Nov 02, 2031
Duration	6,537 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`65679`

Grant Description

ICBC provides $129.9 million loan for Luanda Household Water Connections Project In 2013, the Industrial and Commercial Bank of China (ICBC) and the Government of Angola signed a $129,913,987.25 loan agreement for the Luanda Household Water Connections Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

The proceeds of the loan were to be used the borrower to partially finance a commercial contract worth $152,839,985.00 between Public Water Company of Luanda (EPAL) and Guangxi Hydroelectric Construction Bureau.

The purpose of this project was to establish household water connections in the Rangel, Ingomhota, Samba and Maianga districts within Cazenga municipality and Luanda Province.

Guangxi Hydroelectric Construction Bureau was the contractor responsible for implementation and its work was overseen by the Public Water Company of Luanda (EPAL). A groundbreaking ceremony took place on April 25, 2012. This project reached completion, but the precise a date is unknown.

📋 Staff Comments

This project is also known as the Luanda Water Distribution Networks Project and the Cazenga Household Water Connections Project. The Portuguese project title is Ligações Domiciliares nas Redes de Distribuição de Água no Município do Cazenga e nos Distritos do Rangel, Ingomhota, Samba e Maianga, na Província de Luanda. The Chinese project title is 罗安达市新供水管网及入户连接工程 or 罗安达供水系统改造.
In 2013, China Development Bank and the Government of Angola were also negotiating over a potential $77,404,765.10 loan agreement for this same project (as captured via Project ID#65674). However, it seems like CDB never signed a final financing agreement because ICBC stepped in instead. This issue warrants further investigation.

📚 Sources & References

Despacho Presidencial no. 138/13
DR n.º 236 - 09.12.2013
水电十三局承建的安哥拉罗安达马央革配水中心项目开工
PR delega ministro a negociar empréstimo
广西水电工程局在安哥拉打响品牌
Chinese Loans to Africa Database
安哥拉罗安达供水入户连接工程由中电建承建开工 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.