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Overview

CDB provides $376 million loan for Sumbe City Integrated Infrastructure Construction Project (Lots 1-3)

Commitments (Constant USD, 2023)$400,111,519
Commitment Year•2017Country 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, 2017
Start (actual)
Jul 19, 2017

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The project developed infrastructure in Sumbe City. More detailed locational information can be found at https://www.openstreetmap.org/node/331385964

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

State-owned companies

  • China Harbour Engineering Co., Ltd. (CHEC)
  • Sinohydro Corporation Limited

Loan description

CDB provides $376 million loan for Sumbe City Integrated Infrastructure Construction Project (Lots 1-3)

Interest type•Unknown

Narrative

Full Description

Project narrative

China Development Bank reportedly made three disbursements from a larger credit line that it previously signed with the Government of Angola for Lot 1, Lot 2, and Lot 3 of the Sumbe City Integrated Infrastructure Construction Project in 2017. The disbursements for Lots 1, Lot 2, and Lot 3 were worth $158 million, $106 million, and $112 million, respectively. Lots 1 and 2 are being implemented by China Harbour Engineering Company (CHEC) and they involve slope stabilization and relocation activities in Sumbe City within Kwanza Sul Province. Lot 3 is being implemented by Sinohydro and it involves construction works, including water drainage, footpaths, street paving, and lighting and sanitation systems in Sumbe City within Kwanza Sul Province. The proceeds of the CDB loan disbursements will be used by the borrower to partially finance a $311.2 million commercial contract with CHEC and a $130.8 million commercial contract with Sinohydro. On July 19, 2017, a groundbreaking ceremony took place and the project had achieved a 75% completion rate as of June 2019.

Staff comments

1. This project is also known as the Sumbe Municipal Comprehensive Infrastructure Upgrading Project. The Portuguese project title is Projecto de Desenvolvimento das Infra-estruturas Integradas do Sumbe. The Chinese project title is 安哥拉松贝市综合基础设施升级改造项目. 2. This project may have been financed through one of 2 CDB MLFAs captured by AidData: the 2014 CDB MLFA (see Record ID#66806) or the 2015 CDB MLFA (see Record ID#66847). This issue warrants further investigation.