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CDB provides loan for Lucapa 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 11, 2027
Duration	4,240 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73567`

Grant Description

CDB provides loan for Lucapa 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 on October 12, 2016 for the Lucapa Water Supply System Construction Project.

The proceeds of this loan were used to finance a $53,975,844.41 commercial contract with China Tiesiju Civil Engineering Group Co, Limited (CTCE) and China Bengbu Corporation for International Tech-Economic Corporation (CBITEC). The project involved the construction of a new water supply system in the town of Lucapa within Lunda-Norte Province.

The project entered implementation on or around October 17, 2016, but its precise implementation end date is unknown. The construction period for the project was 20 months, with the expected completion date in 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 Cidade do Lucapa, na Província da Lunda-Norte. 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
Água potável e energia entre as prioridades
Chinese Loans to Africa Database
LUCAPA Urban Water Supply System Strengthening Project Commencement Signing Ceremony 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.