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CDB provides $18 million loan for 35 km Gabela-Quilenda Section of EN110 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 | Mar 25, 2033 |
| Duration | 6,293 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 73573 |
Grant Description
CDB provides $18 million loan for 35 km Gabela-Quilenda Section of EN110 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 an $18 million loan in 2016 for the 35 km Gabela-Quilenda Section of EN110 Road Rehabilitation Project.
The proceeds of this loan were used to finance a $27,311,307.69 commercial contract with China Railway 20 Bureau Group Corporation (CR20).
The project involved the rehabilitation of a 35 km road segment from Gabela to Quilenda along the EN110 within the province of Cuanza-Sul. The project reportedly entered implementation, but its precise implementation start and end dates are unknown. See Record ID#65751 for other construction projects financed through the 2015 CDB facility.
See Record ID#73914 and Record ID#73628 for other sections of the EN110 Road Rehabilitation Project.
Staff Comments
- The Portuguese project title is Reabilitação da Estrada Gabela/Quilenda, na Província do Cuanza-Sul.
- The $15 billion facility agreement (captured via Record ID#66847) is fully disbursed.
Sources & References
- Iª Série
- CUANZA SUL: ASFALTADOS 15 QUILÓMETROS DA ESTRADA GABELA/QUILENDA
- 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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