Completed Mixed AidData Chinese Aid

CDB provides loan for M’Banza 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	Nov 05, 2027
Duration	4,326 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73560`

Grant Description

CDB provides loan for M’Banza 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 M’Banza Water Supply System Construction Project.

The proceeds of this loan were used to finance a $46 million commercial contract with China Tiesiju Civil Engineering Group Co, Limited (CTCE). The project involved the construction of a new water supply system in the city of M’Banza within Zaire Province. This project commenced on October 20, 2016, and ended on November 11, 2019.

A formal project completion ceremony took place on December 10, 2019. See Record ID#65748 for other water and energy projects financed through the 2015 CDB facility.

📋 Staff Comments

This project is also known as the M'Banza Water Supply System Construction Project. The Chinese project title is 安哥拉姆班扎刚果供水系统强化项目. The Portuguese project title is Construção de novo sistema de abastecimento de água da Cidade de MBanza Congo. The $15 billion facility agreement (captured in Project ID#66847) is fully disbursed.

📚 Sources & References

PRINCIPAIS PERSPECTIVAS DO SECTOR DAS ÁGUAS NO ÂMBITO DO PROGRAMA NACIONAL DE DESENVOLVIMENTO
Iª Série, 2019年安哥拉首座现代化水厂在华帮助下正式通水
公司安哥拉姆班扎刚果供水系统强化工程项目收到安哥拉国家水利局感谢信
安哥拉首座现代化水厂姆班扎刚果城市供水系统强化项目正式通水
安哥拉姆班扎刚果供水系统强化项目通水运营剪彩仪式在安哥拉项目净水厂举行
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.