Overview

China Development Bank provides loan for Boavista-Miramar-São Paulo Road Project

Commitment Year•2017Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2017

Geospatial footprint

Map overview

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This project supported the construction of the Boavista-Miramar-São Paulo road in the city of Luanda. More detailed locational information can be found at https://www.openstreetmap.org/directions?engine=fossgis_osrm_car&route=-8.8017%2C13.2634%3B-8.8135%2C13.2559#map=15/-8.8062/13.2593.

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

China Development Bank (CDB)

Receiving agencies

Government Agencies

Government of Angola

Implementing agencies

Government Agencies

Angola Ministry of Transportation

Loan description

China Development Bank provides loan for Boavista-Miramar-São Paulo Road Project

Interest type•Unknown

Narrative

Full Description

Project narrative

During a visit by China Development Bank (CDB) Chairman Zheng Zhijie to Angola in 2017, it was announced that CDB had financed the construction of the Boavista-Miramar-São Paulo road in the city of Luanda. However, the face value and borrowing terms of the CDB loan that supported this project are unknown. The project was reportedly completed, but precise project implementation start and end dates are unavailable.

Staff comments

The Portuguese project title is Rodoviária que liga Boavista/Miramar/São Paulo. The Chinese project title is 建造Boavista-Miramar-SãoPaulo公路 (See: 中国国家开发银行保证继续向安哥拉提供财政支持). This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.