Overview

China Eximbank provides $21.695 million loan for supply of construction materials to Angola

Commitments (Constant USD, 2023)$23,664,032

Commitment Year•2016Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Feb 19, 2016

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

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Angola

Implementing agencies

Government Agencies

Government of Angola

Loan description

China Eximbank provides $21.695 million loan for supply of construction materials to Cuba

Interest type•Unknown

Narrative

Full Description

Project narrative

On February 19, 2016, China Eximbank and the Government of Angola signed a $21,695,758.42 loan agreement for the supply of construction materials to Angola. The proceeds of this loan were used to partially finance a commercial contract worth $25,524,421.67 with an unidentified firm. Military House (Casa Militar) of the Angolan Presidency was apparently involved in the implementation of the project. No additional details are available.

Staff comments

1. The Portuguese project title is Fornecimento de Materiais de Construção para Cuba. 2. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.