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CDB provides loan for 15 km Cuito Road Rehabilitation Project (Linked to Record ID#66847 and #65751)

Funder	China Development Bank (CDB)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Jan 01, 2016
End Date	Oct 28, 2026
Duration	3,953 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73572`

Grant Description

CDB provides loan for 15 km Cuito Road Rehabilitation 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 15 km Cuito Road Rehabilitation Project.

The proceeds of this loan were used to finance a $21,000,000 commercial contract with Guangxi Hydroelectric Construction.

The project involved the rehabilitation of 15 km of secondary and tertiary roads in the city of Cuito (15 km) within the province of Bié.

The project reportedly entered implementation in September 2016, but its precise implementation start and end dates are unknown. See Record ID#65751 for other construction projects financed through the 2015 CDB facility.

📋 Staff Comments

This project is also known as the 15 km Kuito Road Rehabilitation Project. The Portuguese project title is Reabilitação de Vias Secundárias e Terciárias da Cidade do Cuito (15 Kms) na Província do Bié. The $15 billion facility agreement (captured in Project ID#66847) is fully disbursed.

📚 Sources & References

Iª Série
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.