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Overview

China Eximbank provides $70 million loan for Historical Archive of Angola Construction Project

Commitments (Constant USD, 2023)$72,377,990
Commitment Year•2013Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Government And Civil SocietyFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2013

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The project is located on the campus of Agostinho Neto University in a suburb of Luanda called Camama. More detailed locational information can be found at https://www.openstreetmap.org/way/369688981.

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

  • Angola Ministry of Culture, Tourism, and Environment (MCTA)

State-owned companies

  • China Jiangsu International Economic and Technical Cooperation Company

Loan description

China Eximbank provides $70 million loan for Historical Archive of Angola Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2013, China Eximbank and the Government of Angola signed a $72 million loan for the Historical Archive of Angola Construction Project. The borrowing terms of the loan are unknown. The project involves the construction of a new Historical Archive of Angola (AHA) building on the campus of Agostinho Neto University in a suburb of Luanda called Camama. China Jiangsu International is the contractor responsible for implementation. As of February 2020, according to an Angolan official working on the project, construction began in 2008 and progress had reached a 77% completion rate as of February 2020. At the time, the Government of Angola was searching for an additional $25 million to complete the project.

Staff comments

1. The Chinese project title is 安哥拉档案馆（文化建筑). The Portuguese project title is Construção do Arquivo Histórico de Angola. 2. A document from the Angola Ministry of Finance indicates that the face value of the loan is worth $70 million. Several media articles quoting an Angolan official claim the loan's face value is actually $72 million. AidData relies on the former (slightly more official and conservative) transaction amount. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.