Loading grant details…
CDB provides $75 million loan for 16.92 km Cabinda Urban 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, 2015 |
| End Date | Jan 16, 2030 |
| Duration | 5,494 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 66855 |
Grant Description
CDB provides $75 million loan for 16.92 km Cabinda Urban Road Rehabilitation Project In 2015, China Development Bank and the Government of Angola signed a $15 billion loan facility agreement (see Record ID#66847).
Then, in 2017, China Development Bank and the Government of Angola signed a $75 million subsidiary loan agreement for the 16.92 km Cabinda Urban Road Rehabilitation Project. All of the subsidiary loans approved through this facility have a 12-year maturity.
The proceeds of the loan will be used by the borrower to partially finance an $88.5 million commercial contract with China Road and Bridge Corporation (CRBC). The purpose of this project is to rehabilitate roads in the city of Cabinda. The implementation status of this project is unknown. See Record ID#65751 for other construction projects financed through the 2015 CDB facility.
Sources & References
- Minister of Finance pledges payment of structuring works in Cabinda, http://www.novojornal.co.ao/economia/interior/chineses-cobram-mais-de-5-milhoes-usd-por-cada-quilometro-de-estrada-a-construir-em-cabinda-37092.html, https://www.verangola.net/va/pt/032017/ConstrucaoImobiliario/7573/Construir-17-quil%C3%B3metros-de-vias-no-centro-de-Cabinda-vai-custar-quase-90-milh%C3%B5es.htm
- Chinese Loans to Africa Database 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
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
