China Eximbank provides $30 million loan for Cunene River Bridge Project
Commitment amount
$ 46843053.04
Constant 2017 USD
Summary
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Recipient
Angola
Sector
Transport and storage (Code: 210)
Flow type
Loan
Concessional
Vague
Category
Project lifecycle
Geography
Description
In 2007, China Eximbank and the Government of Angola signed a $30 million loan agreement for the Cunene River Bridge Project (See: 'China-Angola aid relations: strategic cooperation for development?' p. 10). 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 (See: 'Cunene River Bridge, Xangongo').
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 unofficial sources
6
Details
Cofinanced
No
Receiving agencies [Type]
Government of Angola [Government Agency]
Implementing agencies [Type]
Angola Ministry of Transportation [Government Agency]; China Road & Bridge Corporation (CRBC) [State-owned Company]
Loan type
No Information
Gurarantee provided
No
Insurance provided
No