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Overview

CDB provides $23.1 million for Second Stage of the First Phase of the Cabinda Integrated Infrastructure Project (Linked to Record ID#34875, #66847)

Commitment Year•2016Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2016
Last repayment
Dec 29, 2027

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of this project is to improve municipal infrastructure in the city of Cabinda. More detailed locational information can be found at https://www.openstreetmap.org/relation/422607#map=9/-5.1393/12.4752.

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

  • Government of Angola

Private Sector

  • DAR Angola Consultoria, Ltd

Loan desecription

CDB provides $23.1 million for Second Stage of the First Phase of the Cabinda Integrated Infrastructure Project

Interest type•UnknownMaturity•12 years

Narrative

Full Description

Project narrative

In December 2015, China Development Bank and the Government of Angola signed a $15 billion oil prepayment facility (see Record ID#66847). All of the subsidiary loans approved through this facility have a 12 year maturity. In 2016, CDB reportedly approved a $23,134,757.74 loan to the Government of Angola for the Second Stage of the First Phase of the Cabinda Integrated Infrastructure Project. The proceeds of this loan were used to partially finance a $27,217,362.05 commercial contract with DAR Angola Consultoria, Ltd. The purpose of this project is to improve municipal infrastructure in the city of Cabinda. It has reportedly entered implementation, but its precise implementation start and end dates are unknown. China Eximbank also provided a loan for the First Phase of the Cabinda Integrated Infrastructure Project (captured via Record ID#34875). See Record ID#65751 for other construction projects financed through the 2015 CDB facility.

Staff comments

1. The Portuguese project title is Construção de Infra-estruturas integradas da Cidade de Cabinda Fase 1 Etapa 2. 2. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it identifies this project as being supported by a $117 million loan. However, AidData relies on the $23,134,757.74 face value that is recorded by the Government of Angola’s Audit Office (see 'Parecer sobre a Conta Geral do Estado 2016' p. 214). 3. SAIS-CARI also identifies two additional CDB loans for ‘Cabinda Integrated Infrastructure Phase I Lot 1 - Slope Stablization’ and ‘Cabinda Integrated Infrastructure Phase II’ worth $119 million and $140 million, respectively. However, AidData has not yet identified any official sources that corroborate that these loans were finalized (i.e. officially committed). 4. The $15 billion facility agreement (captured via Record ID#66847) is fully disbursed.