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Overview

CDB provides $171 million loan for Camama Municipal Infrastructure Project (Linked to Record ID#67)

Commitment Year•2009Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Other Social Infrastructure And ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2009
Start (actual)
Dec 18, 2009

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 roads, 700 housing units, water supply and drainage systems, power supply systems, communication stations, and street lamps in the suburb of Camama within Kilamba Kiaxi district. More detailed locational information can be found at https://www.openstreetmap.org/node/770056992#map=17/-8.93251/13.25952.

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

Private Sector

  • Sichuan Huashi Group Corporation Limited

Loan description

CDB provides $171 million loan for Camama Municipal Infrastructure Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2009, China Development Bank (CDB) issued a $171 million loan to the Government of Angola for the Camama Municipal Infrastructure Project. This loan was approved under the $1.5 billion common terms agreement with CDB in 2009, which is captured via Record ID#67. The proceeds of the loan were used by the borrower to finance a commercial contract worth RMB 1,187,280,000 with Sichuan Huashi Group Corporation and H&S-China Consortium Huashi Group. China Eximbank also reportedly provided a loan for this project; however, the face value and borrowing terms are unknown. The Camama Municipal Infrastructure Project involved the construction and installation of roads, 700 housing units, water supply and drainage systems, power supply systems, communication stations, and street lamps in the suburb of Camama within Kilamba Kiaxi district. Sichuan Huashi Group Corporation and H&S-China Consortium Huashi Group were the contractors responsible for implementation. A foundation-laying ceremony for this project took place on December 18, 2009; however, it is unclear whether or when the project was completed.

Staff comments

1. This project is also known as the Camama Social Housing Project. 2. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it records 3 CDB disbursements (worth $171 million) between 2011 and 2012 (worth $86 million, $31 million, and $54 million) for the Camama Municipal Infrastructure Project. For the time being, AidData relies on the sum of these disbursements to estimate the face value of CDB’s loan commitment. 3. In order to eliminate the risk of double-counting financial commitments, AidData does not record a transaction value (commitment amount) for the $171 million CDB loan that supported the Camama Municipal Infrastructure Project. This borrowing (drawdown) under the $1.5 billion common terms agreement is almost certainly already captured via Record ID#67.