Skip to content
AidData logo

Overview

CDB provides $27 million loan for Caculama (Mucari)-Talamongongo Road Rehabilitation Project (Linked to Record ID#66847 and #65751)

Commitment Year•2016Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2016
Last repayment (originally scheduled)
Dec 29, 2027

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

Loading map…

The project involved the rehabilitation of a road between Caculama (Mucari) and Talamongongo in Malanje Province. More detailed locational information can be found at https://www.openstreetmap.org/directions?engine=fossgis_osrm_car&route=-9.4848%2C16.8525%3B-9.5353%2C16.9364#map=14/-9.4923/16.8828

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

  • Transtech Engineering Corporation (TEC)

Loan description

CDB provides $27 million loan for Caculama (Mucari)-Talamongongo Road Rehabilitation 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 Angola (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 a $27 million loan in 2016 for the Caculama (Mucari)-Talamongongo Road Rehabilitation Project. The proceeds of this loan were used to finance a $33,553.892.31 commercial contract with Transtech Engineering Corporation. The project involved the rehabilitation of a road between Caculama (Mucari) and Talamongongo in Malanje Province. The project reportedly entered implementation, but its precise implementation start and end dates are unknown. See Record ID#65751 for other construction projects financed through the 2015 CDB facility.

Staff comments

1. The Portuguese project title is Reabilitação da Estrada Caculama (Mucari)/Talamongongo, na Província de Malanje. 2. The $15 billion facility agreement (captured in Record ID#66847) is fully disbursed.