Active Mixed AidData Chinese Aid

CDB provides loan for Phase 1 of Cabinda Political and Administrative Center Expansion and Restoration 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	Mar 24, 2032
Duration	5,927 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66868`

Grant Description

CDB provides loan for Phase 1 of Cabinda Political and Administrative Center Expansion and Restoration 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 loan in 2016 for Phase 1 of Cabinda Political and Administrative Center Expansion and Restoration Project.

The proceeds of this loan were used by the borrower to partially finance a $30,909,758.00 commercial contract with China Jiangsu International Economic and Technical Corporation Group. The purpose of this project is the restoration and expansion of a political administrative building in Cabinda.

📋 Staff Comments

The Chinese project title is 安哥拉卡宾达省政府大楼. The Portuguese project title is Construção do Centro Político-Administrativo do Governo da Província de Cabinda (Fase 1). SAIS-CARI identifies the face value of the loan that supported Phase 1 of Cabinda Political and Administrative Center Expansion and Restoration Project as $40 million, but this value exceeds the value of the commercial contract. Therefore, for the time being, AidData does not record a face value (transaction amount) for this loan.

📚 Sources & References

Minister of Finance pledges payment of structuring works in Cabinda
安哥拉卡宾达省政府大楼
MINISTROS DO PLANEAMENTO E DA CONSTRUÇÃO TRABALHAM EM CABINDA
Iª Série
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

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