Active Mixed AidData Chinese Aid

CDB provides $46 million loan for Caconda-Chicomba-Quipungo Section (Lot 2) and Rio Ngalo-Quipungo Section of EN110/EN280 Road Rehabilitation Project (Linked to Record ID#66847 and #65751)

Funder	China Development Bank (CDB)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Jan 01, 2016
End Date	Sep 21, 2030
Duration	5,377 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`65754`

Grant Description

CDB provides $46 million loan for Caconda-Chicomba-Quipungo Section (Lot 2) and Rio Ngalo-Quipungo Section of EN110/EN280 Road Rehabilitation Project On December 9, 2015, China Development Bank (CDB) entered into a $15 billion facility agreement with the Government of Angola. (see Record ID#66847).

The facility is an oil prepayment facility with repayments being serviced through receivables from a designated oil contract. The facility agreement has a maturity of 12-years and its availability period expired on December 9, 2017.

One of the subsidiary loans approved through this facility was a $46 million loan in 2016 for the Caconda-Chicomba-Quipungo Section (Lot 2) and Rio Ngalo-Quipungo Section of EN110/EN280 Road Rehabilitation Project.

The proceeds of this loan were used to finance a $54,287,716.03 commercial contract with Beijing Construction Engineering Group (BCEG).

The project involved the rehabilitation of two road segments within Huíla Province: a section of the EN110 (Lot 2) between Caconda and Quipungo via Chicomba and a section of the EN280 between Rio Ngalo (Matala) and Quipungo. It entered implementation, but its precise implementation start and end dates are unknown.

See Record ID#65751 for other construction projects financed through the 2015 CDB facility.

📋 Staff Comments

1. The Portuguese project title is Reabilitação da EN 110/EN 280 - Troço: Caconda/Chicomba/Desvio de Quipungo, Lote 02 - Rio Ngalo/Desvio de Quipungo, na Província da Huíla.

📚 Sources & References

Africa Research Bulletin
ANGOLAN ENERGY SECTOR
Angolan Energy Sector
Monitor Infrastrutture e Costruzioni
Angola awards 69 contracts under China’s credit line
Iª Série
Chinese Loans to Africa Database
MEMORANDUM N° 16/2016 (25/01/2016) 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.