Project ID: 66314

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

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Angola

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-01-01

Geography

Description

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.

Additional details

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.

Number of official sources

7

Number of total sources

10

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Angola [Government Agency]

Implementing agencies [Type]

Angola Ministry of Transportation [Government Agency]

Loan Details

Bilateral loan

Investment project loan