CDB provides $39.2 million for supply of equipment to 3 Angolan railway companies in Luanda (CFL), Benguela (CFB), and Moçâmedes (CFM)

In December 2016, China Development Bank (CDB) and the Government of Angola signed a $39,209,458.33 loan agreement for the supply of equipment to 3 Angolan railway companies in Luanda (CFL), Benguela (CFB), and Moçâmedes (CFM). The proceeds from this loan were used to partially finance a commercial contract worth $46,128,774.51 with China Railway International Group Co, Limited. This project was reportedly completed, but its precise project implementation start and end dates are unknown.

Additional details

The Portuguese project title is Fornecimento de Equipamentos Oficinais para os CFA and Fornecimento de Equipamentos das Oficinas para os Caminhos de Ferro de Luanda - CFL, Caminhos de Ferro de Moçâmedes - CFM e Caminhos de Ferro de Benguela - CFB. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it identifies the creditor of the loan that supported this project as China Eximbank; however, AidData relies on the identify of the creditor that is recorded by the Government of Angola’s Audit Office (Tribunal de Contas).

Number of official sources

5

Number of total sources

5