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Overview

CDB provides $46 million loan for Viana Integrated Infrastructure Construction Project (Linked to Record ID#67)

Commitment Year•2013Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 18, 2013
Start (actual)
Oct 13, 2014
End (actual)
Apr 4, 2016

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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This project involved the construction and installation of municipal infrastructure in Viana municipality within Luanda Province. More detailed locational information can be found at https://www.openstreetmap.org/relation/11704230.

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 Construction and Public Works

Private Sector

  • Sichuan Huashi Group Corporation Limited

State-owned companies

  • H&S-China Consortium Huashi Group

Loan description

CDB provides $46 million loan for Viana Integrated Infrastructure Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2013, China Development Bank provided a $46 million loan to the Government of Angola for phase I of the Viana Integrated Infrastructure Construction Project through a larger $1.5 billion common terms agreement that it signed with the Government of Angola (see Record ID#67). The project involved the construction and installation of highways, water supply systems, drainage systems, power supply systems, communication stations, street lamps, and other supporting facilities in Viana municipality within Luanda Province. H & S-China Consortium Huashi Group and China Sichuan Huashi Group, Lda were the contractors responsible for project implementation. The project was carried out in three phases, and it appears that CDB financing was used to finance all three phases. The implementation contract for this project was signed on May 13, 2014. Construction began on October 13, 2014 and ended on April 4, 2016.

Staff comments

1. This project is also known as the Viana Municipal Infrastructure Construction Project. The Portuguese project title is Construção das Infra-Estruturas Integradas de Viana. The Chinese project title is 安哥拉维也纳市政项目. 2. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. 3. According to official sources, this loan was issued in Angola's currency, the kwanza; however, the face value of the loan was reportedly equivalent to $46 million (USD), which constituted 80% of the commercial contract cost (see "Resolucao No. 45/FP/14" p. 5). 4. In order to eliminate the risk of double-counting financial commitments, AidData does not record a transaction value (commitment amount) for the $46 million CDB loan that supported the Viana Integrated Infrastructure Construction Project. This borrowing (drawdown) under the $1.5 billion common terms agreement is almost certainly already captured via Record ID#67.