Project ID: 34751

China Eximbank provides $30 million loan for Cunene River Bridge Project

Commitment amount

$ 53977931.486523

Adjusted commitment amount

$ 53977931.49

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Angola

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2007-01-01

Actual start

2007-05-01

Planned complete

2008-07-31

Actual complete

2009-09-14

NOTE: Red circles denote delays between planned and actual dates

Geography

Description

In 2007, China Eximbank and the Government of Angola signed a $30 million loan agreement for the Cunene River Bridge Project. The borrowing terms of the loan are unknown. The proceeds of the loan were used by the borrower to finance a commercial contract with China Road and Bridge Corporation (CRBC). The project involve the construction of a bridge that crosses the Cunene River and connects the cities of Lubango and Ondjiva. The bridge is 880 meters long and 11.64 meters wide. It has the capacity to hold 100 tons, and it has two 4-meter lanes on each side as well as a sidewalk of a ½-meter for pedestrians. The bridge is located near Xangongo village in Ombandja municipality in southwestern Angola. The Angolan Roads Agency (INEA) appointed Aurecon, together with its joint venture partners Gabeng and BKS, to design and supervise bid documents. This joint venture was also responsible for site supervision. CRBC was responsible for implementation. Construction began in May 2007 and ended in June 2009. On 14 September 2009, the bridge was officially inaugurated and put to use.

Additional details

The Chinese project title is 的库内内河特大桥项目 or 库内内河特大桥项目 or 库内内河特大桥. The Portuguese project title is Ponte sobre o rio Cunene. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.

Number of official sources

7

Number of total sources

13

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Angola [Government Agency]

Implementing agencies [Type]

China Road & Bridge Corporation (CRBC) [State-owned Company]

Angola Ministry of Transportation [Government Agency]

Loan Details

Bilateral loan

Investment project loan