Active Development AidData Chinese Aid

CDB provides $50.1 million loan for Bungo-Baia Double Railway Track Construction Project (Linked to Record ID#65524, #67524)

$50.11M USD

Funder	China Development Bank (CDB)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Dec 01, 2016
End Date	Jul 09, 2032
Duration	5,699 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67414`

Grant Description

CDB provides $50.1 million loan for Bungo-Baia Double Railway Track Construction Project In December 2016, China Development Bank (CDB) signed a $50,109,595.77 loan agreement with the Government of Angola for the Bungo-Baia Double Railway Track Construction Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

The borrower was expected to use the proceeds of the loan to partially finance a $58,952,465.61 commercial contract between Angola's Ministry of Transport (MINTRANS) and China Machinery Engineering Corporation (CMEC), which was signed November 4, 2013.

The purpose of the project is to construct a second railway line between Baia station and Bungo station that runs parallel to the existing Luanda Railway Line known as Caminho-de-Ferro de Luanda (CFL).

Upon completion, it is envisaged that railway will increase the number of passengers transported each day from 15,000 to 30,000. Construction began on July 10, 2017, and the project achieved a 70% completion rate by January 2018. The project was originally scheduled for completion in 2019.

📋 Staff Comments

The Portuguese project title is Duplicação do Caminho de Ferro de Luanda no Troço Bungo-Baia.
This project is closely related to, but is distinct from, the Bank of China-financed 17.4 km New International Airport of Luanda Rail Link Construction Project (captured in Project ID#65524).
This project is also related to an ICBC-financed acquisition of 10 Diesel Multiple Units (DMUs) for the Luanda Railway Line (captured via Project ID#67524).

📚 Sources & References

RESOLUÇÃO N2041/FP/2014 Processos n.°` 031, 032, 033, 034 e 035/PV/2014
Parecer sobre a Conta Geral do Estado 2016
Segunda linha férrea do CFL com 40 quilómetros já concluídos
Segunda linha férrea do Caminho-de-Ferro de Luanda com 40 quilómetros já concluídos
Segunda linha férrea do CFL com 40 quilómetros já concluídos
Segunda linha férrea do Caminho-de-Ferro de Luanda com 40 quilómetros já concluídos
中国公司承建罗安达新机场铁路支线、车站项目举行授标和奠基开工仪式
安哥拉罗安达铁路复线建设项目举行开工仪式
Angola's New Minister of Transport Inspects Luanda Railway Construction Project
Range of services
Parecer sobre a Conta Geral do Estado 2016
LINHA FERROVIÁRIA PARA NOVO AEROPORTO RECEBE TRAVESSAS E CARRIS
Angola's Luanda Bungo/Bala Railway Project Starts
Angola's New Transport Minister Visited the Project of NAIL by-line and Five Stations
中国昊远集团有限公司安哥拉新项目授标及奠基仪式在罗安达隆重举行
Secretary of State for Land Transport inspects Bungo-Baia section of Luanda railway project in Angola 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.