CDB provides loan for Caxito Irrigated Perimeter Construction Project (Linked to Project ID#67)

On November 9, 2009, China Development Bank (CDB) and the Government of Angola signed a $1.5 billion common terms (line of credit) agreement to support social housing, agriculture, roads and railways, schools and hospitals, water and energy production, and transportation and telecommunication projects (as captured via Project ID#67). CDB and the Government of Angola subsequently signed a subsidiary loan agreement for the Caxito Irrigated Perimeter Construction Project. The face value and the borrowing terms of the loan are unknown. The purpose of the project was to facilitate the irrigation of agricultural fields in the locality of Caxito within Bengo Province. It also involved the cultivation of bananas on 3,600 hectares of land. Sinohydro was the contractor responsible for implementation. According to the World Bank, this project was still being implemented as of 2019.

Additional details

1. This project appears to be distinct from Project ID#34898 and Project ID#34784, but it is unclear if the CDB financial commitment captured by Project ID#64674 captures supplemental funding for one of those projects or an entirely separate project. This issue warrants further investigation. 2. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.

Number of official sources

2

Number of total sources

9