CDB provides $400 million loan for Moçâmedes Railway Renovation Project (Linked to Project ID#67)

In April 2007, China Hyway Group Limited signed a $1.31 billion commercial contract with the Government of Angola for the Moçâmedes Railway Renovation Project. The commercial contract was financed with a $400 million loan from China Development Bank (CDB). The subsidiary loan for this project was approved under a $1.5 billion credit line (common terms) agreement with CDB in November 2009, which is captured via Project ID#67. The project involved the renovation of a 1003.1 km railway with 56 stations between Namibe Port in the west and Menongue in the east. A subsidiary of China Hyway Group Limited — called China Hyway Group Limited Mocamedes Railway Project Company — was the contractor responsible for project implementation. Construction was completed in December 2011. The railway opened to traffic on August 25, 2012. The project then passed final inspection on September 12, 2015. After the completion of a two-year warranty period for operations and maintenance, the railway was handed over to the Angolan authorities on October 30, 2017. The total cost of the project ultimately exceeded $1.3 billion.

Additional details

1. The Chinese project title is 安哥拉莫桑梅德斯铁路 or 莫桑梅德斯铁路 or 安哥拉莫桑梅德斯铁路. The Portuguese project title is Caminhos de Ferro Namibe or Caminho de Ferro de Moçâmedes. 2. The CDB loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.

Number of official sources

13

Number of total sources

20