Active Development AidData Chinese Aid

China Eximbank provides $70 million loan for Historical Archive of Angola Construction Project

$70M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Jan 01, 2013
End Date	Apr 28, 2030
Duration	6,326 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67419`

Grant Description

China Eximbank provides $70 million loan for Historical Archive of Angola Construction Project In 2013, China Eximbank and the Government of Angola signed a $72 million loan for the Historical Archive of Angola Construction Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

The project involves the construction of a new Historical Archive of Angola (AHA) building on the campus of Agostinho Neto University in a suburb of Luanda called Camama. China Jiangsu International is the contractor responsible for implementation.

As of February 2020, according to an Angolan official working on the project, construction began in 2008 and progress had reached a 77% completion rate as of February 2020. At the time, the Government of Angola was searching for an additional $25 million to complete the project.

📋 Staff Comments

The Chinese project title is 安哥拉档案馆（文化建筑). The Portuguese project title is Construção do Arquivo Histórico de Angola.
A document from the Angola Ministry of Finance indicates that the face value of the loan is worth $70 million. Several media articles quoting an Angolan official claim the loan's face value is actually $72 million. AidData relies on the former (slightly more official and conservative) transaction amount. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.

📚 Sources & References

New AHA needs USD 25 million for completion
Chinese-built archives facility progressing in Angola
安哥拉档案馆 (文化建筑)
PRESIDENT OF REPUBLIC PROMULGATES MERCHANT MARINE LAW
Chinese Loans to Africa Database
Boletim Da Divida Publica Periodo de 2013 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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