China Eximbank and China Construction Bank provide $15 million loan for Lubango Electricity Network Rehabilitation Project (linked to #67143)
Constant 2017 USD
Funding agency [Type]
China Construction Bank Corporation (CCB) [State-owned Commercial Bank]; Export-Import Bank of China [State-owned Policy Bank]
Energy (Code: 230)
Supplier's Credit/Export Seller's Credit
In 2002, China Eximbank and China Construction Bank provided a $15 million loan for the Lubango Electricity Network Rehabilitation Project (See: Country Level Evaluation Angola, p. 98 and Building Bridges: China's Growing Role as Infrastructure Financier for Sub-Saharan Africa, p. 113 and Chinese Financial Assistance in Angola, p. 38 and China-Angola aid relations: strategic cooperation for development?, p. 4 and Uncovering African Agency: Angola's Management of China's Credit Lines p. 76). The face value and borrowing terms of this loan are unknown. The purpose of the project was to rehabilitate the electricity network in Lubango. The contractor of the project is CEIEC.This loan was approved through a larger $145 million line of credit (captured in Project ID#67143), which reportedly bypassed Angola’s Ministry of Finance and disbursed funds directly to Chinese companies (See: Eating Everything and Leaving Nothing: Chinese Commerce in Postwar Angola). It was ultimately completed, but its exact project implementation start and end dates are unknown (See: Chinese Loans to Africa Database).
The project is referred to as 安哥拉卢班戈输变电项目 in Chinese.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
China National Electronics Import & Export Corporation (CEIEC) [State-owned Company]
Implementing agencies [Type]
Government of Angola [Government Agency]