CDB provides loan for M’Banza 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 M’Banza Water Supply System Construction Project. The proceeds of this loan were used to finance a $46 million commercial contract with China Tiesiju Civil Engineering Group Co, Limited (CTCE). The project involved the construction of a new water supply system in the city of M’Banza within Zaire Province. This project commenced on October 20, 2016, and ended on November 11, 2019. A formal project completion ceremony took place on December 10, 2019. See Project ID#65748 for other water and energy projects financed through the 2015 CDB facility.

Additional details

This project is also known as the M'Banza Water Supply System Construction Project. The Chinese project title is 安哥拉姆班扎刚果供水系统强化项目. The Portuguese project title is Construção de novo sistema de abastecimento de água da Cidade de MBanza Congo. The $15 billion facility agreement (captured in Project ID#66847) is fully disbursed.

Number of official sources

5

Number of total sources

7