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Overview

China Development Bank provides loan for Zango V Water Supply Project

Commitment Year•2017Country 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
Jan 1, 2017
Start (actual)
Mar 29, 2017

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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This water supply project is located in Zongo V village within the Viana municipality in Luanda Province. More detailed locational information can be found at https://www.openstreetmap.org/node/1635308795.

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

  • STECOL Corporation (previously named Sinohydro Tianjin Engineering Co., Ltd.)

Loan description

China Development Bank provides loan for Zango V Water Supply Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2017, China Development Bank provided a loan to the Government of Angola for the Zango V Water Supply Project. The face value and borrowing terms of the loan are unknown. The purpose of the project is to construct a water supply system with a production capacity of 500,00 tons per day that can provide potable water to 2.45 million people in and around the capital city of Luanda. Stecol Corporation, which was formerly known as Sinohydro Tianjin Engineering, is the contractor responsible for implementation. It is a subsidiary of Power Construction Corporation of China. A groundbreaking ceremony for the project was held on March 29, 2017.

Staff comments

The Chinese project title is 安哥拉吉隆戈供水项目. Based on the financier and year of this project, it may have been funded by the 2015 CDB MLFA worth $15 billion (See Record ID#66847).