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Overview

China Eximbank provides loan for Phase 2 of Saurimo Road Rehabilitation Project

Commitments (Constant USD, 2023)$21,676,357
Commitment Year•2012Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 17, 2012
Start (actual)
Jun 17, 2013
End (planned)
Dec 31, 2014

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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This project involved road work in the city of Saurimo within Lunda-Sul Province. More detailed locational information can be found at https://www.openstreetmap.org/node/293386732.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Angola

Implementing agencies

State-owned companies

  • Sinohydro Corporation Limited

Loan description

China Eximbank provides loan for Phase 2 of Saurimo Road Rehabilitation Project

Interest type•Unknown

Narrative

Full Description

Project narrative

On 17 August 2012, Presidential Order No. 104/12 was issued to approve the implementation and financing agreements for Phase 2 of the Saurimo Road Rehabilitation Project. China Eximbank provided an unspecified loan for this project. The purpose of this loan was to cover the $20 million commercial contract with Sinohydro Corporation This project involved the asphalting of suburban street in the city of Saurimo within Lunda-Sul Province. Works commenced on 17 June 2013 and were supposed to last 18 months. It is unclear whether construction ever reached completion.

Staff comments

The Portuguese project title is Terraplanagem e Colocação de Asfalto em Algumas Ruas Suburbanas da Cidade de Saurimo - Fase II. The Chinese project title is 绍里木城镇及郊区公路项目. This loan was reportedly issued through a larger credit line from China Eximbank, but the specific credit line that was utilized is unknown. The loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.