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Overview

CDB provides $8 million loan for Chitembo Water Supply System Construction Project (Linked to Record ID#66847 and #65748)

Commitment Year•2016Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Water Supply And SanitationFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 23, 2016
Start (actual)
Sep 16, 2016
Last repayment
Dec 29, 2027

Geospatial footprint

Map overview

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The project involved the construction of a new water supply system in the town of Chitembo within Bié Province. More detailed locational information can be found at https://www.openstreetmap.org/node/2107764052.

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

State-owned companies

  • China National Machinery Industry Corporation (Sinomach)

Loan desecription

CDB provides $8 million loan for Chitembo Water Supply System Construction Project

Interest type•UnknownMaturity•12 years

Narrative

Full Description

Project narrative

On December 9, 2015, China Development Bank (CDB) entered into a $15 billion facility agreement with the Government of Angol (see Record 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 an $8 million loan in 2016 for the Chitembo Water Supply System Construction Project. The proceeds of this loan were used to finance a $13,142,480.31 commercial contract with China National Machinery Industry Corporation Group (SINOMACH). The project involved the construction of a new water supply system in the town of Chitembo within Bié Province. This project entered implementation and a foundation-stone laying ceremony took place on September 26, 2016, but its precise implementation start and end dates are unknown. See Record ID#65748 for other water and energy projects financed through the 2015 CDB facility.

Staff comments

The Portuguese project title is Construção do Novo Sistema de Abastecimento de Água de Chitembo, na Província do Bié. The $15 billion facility agreement (captured in Record ID#66847) is fully disbursed.