Project ID: 1221

China Development Bank provides $80 million loan for Magude Cement Factory Construction Project

Commitment amount

$ 98390414.5073022

Adjusted commitment amount

$ 98390414.51

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Mozambique

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2011-01-01

Actual start

2011-02-15

Geography

Description

On June 18, 2010 the President of China Development Bank (CDB), Jiang Chaoling, announced CDB would provide an $80 million loan to Africa Great Wall Cement Manufacturer Company, Ltd. (or 非洲长城水泥制造有限) — a project company and special purpose vehicle — for the Magude Cement Factory Construction Project. The project involved the construction of a cement factory in Chichuo, 11 kilometers from the town of Magude in Maputo Province, in an 80 hectare area. Upon completion, the factory was designed to produce up to 500,000 tons of cement per year. Sinohydro was the contractor responsible for implementation. Prior to implementation, an environmental impact assessment (EIA) was undertaken and families living in the area were relocated to make way for the development of the factory. Construction began on February 15, 2011. However, it is unclear if or when this project reached completion.

Additional details

1. The Chinese project title is 马普托马谷德水泥项目 or 中国水电集团莫桑比克水泥厂投资项目 or 莫桑比克水泥厂项目.

Number of official sources

12

Number of total sources

21

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Africa Great Wall Cement Manufacturer Company, Ltd. (非洲长城水泥制造有限) [Joint Venture/Special Purpose Vehicle]

Implementing agencies [Type]

SinoHydro [State-owned Company]

Loan Details

Bilateral loan

Investment project loan

Project finance