CDB provides loan for Phase 1 of Cabinda Political and Administrative Center Expansion and Restoration Project (Linked to Project ID#66847)

In December 2015, China Development Bank and the Government of Angola signed a $15 billion oil prepayment facility agreement (see Project ID#66847). All of the subsidiary loans approved through this facility have a 12 year maturity. One of the subsidiary loans approved through the facility agreement was a loan in 2016 for Phase 1 of Cabinda Political and Administrative Center Expansion and Restoration Project. The proceeds of this loan were used by the borrower to partially finance a $30,909,758.00 commercial contract with China Jiangsu International Economic and Technical Corporation Group. The purpose of this project is the restoration and expansion of a political administrative building in Cabinda.

Additional details

The Chinese project title is 安哥拉卡宾达省政府大楼. The Portuguese project title is Construção do Centro Político-Administrativo do Governo da Província de Cabinda (Fase 1). SAIS-CARI identifies the face value of the loan that supported Phase 1 of Cabinda Political and Administrative Center Expansion and Restoration Project as $40 million, but this value exceeds the value of the commercial contract. Therefore, for the time being, AidData does not record a face value (transaction amount) for this loan.

Number of official sources

3

Number of total sources

5