Completed Mixed AidData Chinese Aid

CDB provides loan for Phase 2 of the Malanje 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	Jul 09, 2027
Duration	4,207 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73554`

Grant Description

CDB provides loan for Phase 2 of the Malanje 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 Phase 2 of the Malanje Water Supply System Construction Project.

The proceeds of this loan were used to finance a $31,237,861.77 commercial contract with China Petroleum Pipeline Bureau (CPP). The project involved the construction of a new water supply system in the province of Malanje. This project entered implementation with a foundation-stone laying ceremony on September 26, 2016.

On May 12th, 2023, the project was inaugurated by the president of Angola, João Lourenço. See Record ID#65748 for other water and energy projects financed through the 2015 CDB facility.

📋 Staff Comments

The Portuguese project title is Construção de Novo Sistema de Abastecimento de Água de Malanje (2.ª Fase).
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
Angola: Governo investe milhões no abastecimento de água a Malanje
Angola: State Secretary for Water Launches First Stone in Chitembo
BIE: STATE SECRETARY FOR WATER LAUNCHES FIRST STONE IN CHITEMBO
Chinese Loans to Africa Database
President of Angola inaugurates Quissol water system 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.