China Development Bank provides loan for Zango V Water Supply Project
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Angola
Sector
Water supply and sanitation (Code: 140)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
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.
Additional details
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 Project ID#66847).
Number of official sources
4
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Angola [Government Agency]
Implementing agencies [Type]
Government of Angola [Government Agency]
STECOL Corporation (previously named Sinohydro Tianjin Engineering Co., Ltd.) [State-owned Company]