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Overview

CDB provides $75 million loan for 16.92 km Cabinda Urban Road Rehabilitation Project (Linked to Record ID#66847 and #65751)

Commitment Year•2015Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2015
Last repayment (originally scheduled)
Dec 29, 2026

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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16.92 km of roads in the city of Cabinda. More detailed locational information can be found at https://www.openstreetmap.org/node/279009752#map=11/-5.5577/12.1919

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

  • Government of Angola

State-owned companies

  • China Road & Bridge Corporation (CRBC)

Loan description

CDB provides $75 million loan for 16.92 km Cabinda Urban Road Rehabilitation Project

Interest type•UnknownMaturity•12 years

Narrative

Full Description

Project narrative

In 2015, China Development Bank and the Government of Angola signed a $15 billion loan facility agreement (see Record ID#66847). Then, in 2017, China Development Bank and the Government of Angola signed a $75 million subsidiary loan agreement for the 16.92 km Cabinda Urban Road Rehabilitation Project. All of the subsidiary loans approved through this facility have a 12 year maturity. The proceeds of the loan will be used by the borrower to partially finance an $88.5 million commercial contract with China Road and Bridge Corporation (CRBC). The purpose of this project is to rehabilitate roads in the city of Cabinda. The implementation status of this project is unknown. See Record ID#65751 for other construction projects financed through the 2015 CDB facility.