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

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.

Additional details

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 Project ID#66806) or the 2015 CDB MLFA (see Project ID#66847). This issue warrants further investigation.

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