China Eximbank provides $28 million loan for Saurimo Airport Rehabilitation Project

$28M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Jan 01, 2010
End Date	Feb 16, 2032
Duration	8,081 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73796`

Grant Description

China Eximbank provides $28 million loan for Saurimo Airport Rehabilitation Project In 2010, China Eximbank and the Government of Angola signed a $28 million loan agreement for the Saurimo Airport Rehabilitation Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

However, it is known that the loan was secured by (i.e. collateralized against) future oil export receipts.

The project involved the restructuring of the tracks adjacent to the runway and of the passenger terminal at the Saurimo Airport (also known as the Deolinda Rodrigues Airport). Rehabilition work began at the end of 2007 and was completed on August 28, 2012.

📋 Staff Comments

1. The Portuguese project title is Nova Aerogare do Aeroporto “Deolinda Rodrigues”

📚 Sources & References

Nova aerogare de Saurimo entrou em funcionamento
Reaberto aeroporto do Saurimo em Angola
DÉMARRAGE DES TRAVAUX DE RÉHABILITATION DE L`AÉROPORT DE SAURIMO
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.