Active Mixed AidData Chinese Aid

CDB provides loan for Caconda-Chicomba-Quipungo Section (Lot 1) and Rio Ngalo-Caconda Section of EN110/EN280 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	Apr 09, 2027
Duration	4,116 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73914`

Grant Description

CDB provides loan for Caconda-Chicomba-Quipungo Section (Lot 1) and Rio Ngalo-Caconda Section of EN110/EN280 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 Caconda-Chicomba-Quipungo Section (Lot 1) and Rio Ngalo-Caconda Section of EN110/EN280 Road Rehabilitation Project.

The proceeds of this loan were used to finance a $58,811,692.37 commercial contract with China Railway 20 Bureau Group Corporation (CR20).

The project involved the rehabilitation of two road segments within Huíla Province: a section of the EN110 (Lot 1) between Caconda and Quipungo via Chicomba and a section of the EN110 between Rio Ngalo (Matala) and Caconda. The project 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#73573 and Record ID#73628 for other sections of the EN110 Road Rehabilitation Project.

📋 Staff Comments

The Portuguese project title is Reabilitação da EN 110/EN 280 - Troço: Caconda/Chicomba/Desvio de Quipungo, Lote 01 - Caconda/Rio Ngalo, na Província da Huíla. The $15 billion facility agreement (captured in Project ID#66847) is fully disbursed. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.

📚 Sources & References

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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.