Project ID: 67332

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

Commitment amount

$ 25618449.354592178

Adjusted commitment amount

$ 25618449.35

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Angola

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-02-19

Description

On 19 February, 2016 China Eximbank and the Government of Angola signed a $21,695,758.42 loan agreement for the supply of construction materials to Cuba. 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 were apparently involved in the implementation of this project. No additional details are available.

Additional details

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

Number of official sources

3

Number of total sources

3

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Angola [Government Agency]

Implementing agencies [Type]

Government of Angola [Government Agency]

Loan Details

Bilateral loan

Investment project loan