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CDB provides loan for Bibala Water Supply System Construction Project (Linked to Record ID#66847 and #65748)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Angola |
| Country | Angola |
| Start Date | Jan 01, 2016 |
| End Date | Jun 23, 2033 |
| Duration | 6,383 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 73547 |
Grant Description
CDB provides loan for Bibala Water Supply System Construction Project On December 9, 2015, China Development Bank (CDB) entered into a $15 billion facility agreement with the Government of Angola (see Record ID#66847).
The facility is an oil prepayment facility with repayments being serviced through receivables from a designated oil contract. The facility agreement has a maturity of 12-years and its availability period expired on December 9, 2017.
One of the subsidiary loans approved through this facility was a loan in 2016 for the Bibala Water Supply System Construction Project.
The proceeds of this loan were used to finance a $25,577,381.68 commercial contract with China Machinery Engineering Corporation (CMEC). The project involved the construction of a new water supply system in the town of Bibala within Namibe Province. This project was officially completed on November 9, 2018.
See Record ID#65748 for other water and energy projects financed through the 2015 CDB facility.
Staff Comments
The Portuguese project title is Construção do Novo Sistema de Abastecimento de Água da Bibala, na Província do Namibe. The $15 billion facility agreement (captured in Project ID#66847) is fully disbursed.
Sources & References
- 四十春秋谱华章 砥砺前行创辉煌
- Iª Série
- PRINCIPAIS PERSPECTIVAS DO SECTOR DAS ÁGUAS NO ÂMBITO DO PROGRAMA NACIONAL DE DESENVOLVIMENTO
- Ministério determina encerramento de sistema de água
- Chinese Loans to Africa Database
- 安哥拉Bibala供水系统建设项目竣工, 40-Year Amazing Development Underpins New Glories
- CMEC 2017 Social Responsibility Report 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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