Completed Mixed AidData Chinese Aid

CDB provides $60 million loan for Soyo City River and Land Terminal Construction 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 07, 2029
Duration	5,028 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73904`

Grant Description

CDB provides $60 million loan for Soyo City River and Land Terminal 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 $60 million loan in 2016 for the Soyo City River and Land Terminal Construction Project.

The proceeds of this loan were used to finance a $70 million commercial contract with China Harbour Engineering Corporation (CHEC).

This project involved the construction of a 200-meter-long wharf, including 2 berths for cargo ships and 2 berths for passenger ships, in the municipality of Soyo and the province of Zaire. Construction began on 4 November 2016; and it ended on or around 24 December 2018. See Record ID#65751 for other construction projects financed through the 2015 CDB facility.

📋 Staff Comments

The Chinese project title is 安哥拉索约水陆码头建造项目.
The $15 billion CDB facility agreement (captured in Record ID#66847) is fully disbursed.

📚 Sources & References

CONCLUÍDAS OBRAS DO TERMINAL FLUVIAL DO SOYO
SOYO TERÁ NOVO TERMINAL FLUVIAL DE TRANSPORTE
中国港湾安哥拉索约水陆码头建造项目开工
安哥拉索约水陆码头建造项目水工部分正式完工
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.