CDB provides loan for Tchicala-Tcholoanga Water Supply System Construction Project (Linked to Project ID#66847 and #65748)

On December 9, 2015, China Development Bank (CDB) entered into a $15 billion facility agreement with the Government of Angola (see Project ID#66847). The facility is an oil prepayment facility with repayments being serviced through receivables from a designated oil contract. The facility agreement has a maturity of 12 years and its availability period expired on December 9, 2017. One of the subsidiary loans approved through this facility was a loan in 2016 for the Tchicala-Tcholoanga Water Supply System Construction Project. The proceeds of this loan were used to finance a $11,456,396.96 commercial contract with Eqadint Internacional Group Co., Limited. The project involved the construction of a new water supply system in the town of Tchicala-Tcholoanga within Huambo Province. The project entered implementation, but its precise implementation start and end dates are unknown. See Project ID#65748 for other water and energy projects financed through the 2015 CDB facility.

Additional details

The Portuguese project title is Construção do Novo Sistema de Abastecimento de Água da Tchicala-Tcholoanga, na Província do Huambo. The $15 billion facility agreement (captured in Project ID#66847) is fully disbursed.

Number of official sources

3

Number of total sources

4