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CDB provides $9 million loan for Nharêa 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 | Aug 16, 2030 |
| Duration | 5,341 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 73549 |
Grant Description
CDB provides $9 million loan for Nharêa 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 $9 million loan in 2016 for the Nharêa Water Supply System Construction Project.
The proceeds of this loan were used to finance a $20,896,339.12 commercial contract with China Tiesiju Civil Engineering Group Co., Limited (CTCE). The project involved the construction of a new water supply system in the town of Nharêa within Bié Province. The project entered implementation, but its precise implementation start and end dates are unknown.
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 de Nharêa, na Província do Bié. The $15 billion facility agreement (captured in Project ID#66847) is fully disbursed.
Sources & References
- Iª Série
- PRINCIPAIS PERSPECTIVAS DO SECTOR DAS ÁGUAS NO ÂMBITO DO PROGRAMA NACIONAL DE DESENVOLVIMENTO
- Projectos de água para abastecer mais de 2 milhões em todo o país
- NHÂREA COM MAIS DE TRÊS MIL LIGAÇÕES DE ÁGUA POTÁVEL
- 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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