Overview

CDB provides $25 million loan for 43 km Mussolo-Dumba Cabango 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: May 23, 2016

Start (actual): Sep 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 43 km road segment between Mussolo and Dumba Cabango in Malanje Province. More detailed locational information can be found at https://www.openstreetmap.org/directions?engine=fossgis_osrm_car&route=-10.0076%2C17.3334%3B-10.3486%2C17.4253#map=11/-10.1784/17.3742

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

Sinohydro Corporation Limited

Loan description

CDB provides $25 million loan for 43 km Mussolo-Dumba Cabango 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 $25 million loan in 2016 for the 43 km Mussolo-Dumba Cabango Road Rehabilitation Project. The proceeds of this loan were used to finance a $33,866,021.54 commercial contract with Sinohydro Group, Limited. The project involved the rehabilitation of a 43 km road segment between Mussolo and Dumba Cabango in Malanje Province. The project reportedly entered implementation in September 2016, 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 Mussolo/Dumba Cabango, na Província de Malanje. 2. The $15 billion facility agreement (captured in Record ID#66847) is fully disbursed.