China Development Bank provides $35.3 million loan for construction of training center and installation of a database at Angola’s Ministry of Energy and Water

$35.3M USD

Funder	China Development Bank (CDB)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Mar 17, 2017
End Date	Jun 10, 2033
Duration	5,929 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67506`

Grant Description

China Development Bank provides $35.3 million loan for construction of training center and installation of a database at Angola’s Ministry of Energy and Water On 17 March 2017, China Development Bank (CDB) and the Government of Angola signed a $35.3 million loan agreement for the construction of a training center as well as the supply and installation of a database at Angola’s Ministry of Energy and Water.

📋 Loan / Grant Terms

💰 Loan Amountterms are unknown

The proceeds of the loan will be used to partially finance a commercial contract with an unidentified firm.

📚 Sources & References

Ministro das Finanças assina acordos na China
ANGOLA ASSINA ACORDOS PARA SECTOR DAS MINAS E ÁGUAS NA CHINA
Chinese Loans to Africa Database
Minister of Finance signs agreements in China 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.