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CDB provides $56 million loan Cabinda Maritime Passenger Terminal Rehabilitation Project (Linked to Record ID#66847)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Angola |
| Country | Angola |
| Start Date | Jan 01, 2016 |
| End Date | Nov 14, 2030 |
| Duration | 5,431 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 66866 |
Grant Description
CDB provides $56 million loan Cabinda Maritime Passenger Terminal Rehabilitation Project In December 2015, China Development Bank and the Government of Angola signed a $15 billion oil prepayment facility agreement (see Record ID#66847). All of the subsidiary loans approved through this facility have a 12-year maturity.
One of the subsidiary loans approved through the facility agreement was a $56 million loan in 2016 for the Cabinda Maritime Passenger Terminal Rehabilitation Project.
The proceeds of this loan were used by the borrower to partially finance a $70,000,000 commercial contract with China Gezhouba Group Company, Limited (CGGC).
This project involves the rehabilitation of a transshipment and distribution center for marine cargo (or “maritime passengers terminal”) in the city of Cabinda. CGGC was the contractor responsible for implementation.
As of October 2017, this project had achieved a 28% completion rate and it had a scheduled completion date sometime between June and July 2018. See Record ID#65751 for other construction projects financed through the 2015 CDB facility.
Staff Comments
1. This project is also known as the Marine Passenger Terminal in Cabinda Project and the Angola Cabinda Emergency Port Project. The Chinese project title is 卡宾达应急码头. The Portuguese project title is Construção do Terminal Marítimo e Terrestre de Cabinda.
Sources & References
- Minister of Finance pledges payment of structuring works in Cabinda
- Angola: 28% of Cabinda maritime passengers terminal works done
- Cabinda: 28 percent of maritime passengers terminal works done
- 葛洲坝集团总承包的卡宾达防浪堤暨客运站项目
- Cabinda Port bets on efficiency and competitiveness
- Angola's Cabinda port projects running smoothly
- Iª Série
- 葛洲坝集团安哥拉卡宾达钢栈桥码头顺利通过试运行测试
- 安哥拉总统考察葛洲坝集团承建的卡宾达港口项目
- Cabinda Emergency Port (Angola)
- Chinese Loans to Africa Database
- 中企承建安哥拉卡宾达港口防波堤码头主体工程完工
- 项目落成，总统揭牌剪彩！
- Marine passenger terminal at Angola's Cabinda Port completed by Chinese enterprise 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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