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China Eximbank provides loan for Dundo Road Asphalting Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Angola |
| Country | Angola |
| Start Date | Aug 17, 2012 |
| End Date | Mar 10, 2031 |
| Duration | 6,779 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 66311 |
Grant Description
China Eximbank provides loan for Dundo Road Asphalting Project On 17 August 2012, Presidential Order No. 105/12 was issued to authorize the Angola Minister of Finance to sign a financing agreement with China Eximbank for the Dundo Road Asphalting Project. The face value and terms of this loan are unknown.
The same Presidential Order also authorized the Governor of Luanda-Norte Province to sign the project implementation contract with China National Machinery Industry Corporation Ltd. (Sinomach).
This project involved the asphalting of a 10-kilometer road between the Angolan town of Dundo and the country’s border with the DRC.
Tchissanda, on the Angolan side, and Kamakó, on the DRC side, are important border markets that allow for commerce exchange between the residents of Lunda Norte Province and Cassai Occidental Province.
China National Complete Engineering Corporation (CCEC), a subsidiary of SINOMACH, reported that the contract was one of many signed with Lunda-Norte Province in September 2009.
China Hyway Group also reported on its website that it was involved in the implementation of the Dundo Road Asphalting Project. Construction was underway as of 2014, and photographs of the project suggest that it is now complete.
Staff Comments
The Chinese project title is 安哥拉北隆达省敦多市道路. The Portuguese project title is Projecto de Asfaltagem das Vias do Dundo, na Província da Lunda-Norte.This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.
Sources & References
- 安哥拉北隆达省敦多市道路
- 安哥拉北隆达省政府视察我公司在建项目
- 安哥拉北隆达基础设施项目
- 安哥拉北隆达省敦多市道路
- Melhorada estrada entre Dundo e a RDC
- Chinese Loans to Africa Database
- Despacho Presidencial n.º 104/12
- Despacho Presidencial n.º 105/12 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.
All Grantees
Government of Angola
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