Overview

China Eximbank provides loan for Phase 2 of the Saurimo Municipal Hospital Construction and Equipping Project

Commitment Year•2013Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•HealthFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2013

End (actual): Oct 17, 2020

Geospatial footprint

Map overview

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This project involved the construction and equipping of a hospital in the city of Saurimo. More detailed locational information can be found at https://www.google.com/maps/place/Hospital+Geral+de+Saurimo/@-9.6669306,20.3589612,15z/data=!4m8!1m2!2m1!1sHospital+Geral+saurimo!3m4!1s0x0:0xfdb29aafb24e1de6!8m2!3d-9.6669309!4d20.3589615 and https://www.openstreetmap.org/way/761809283

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

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Angola

Implementing agencies

Government Agencies

Angola Ministry of Health

State-owned companies

Sinohydro Corporation Limited

Loan description

China Eximbank provides loan for Phase 2 of the Saurimo Municipal Hospital Construction and Equipping Project

Interest type•Unknown

Narrative

Full Description

Project narrative

On 3 January 2013, the Government of Angola and China Eximbank signed a loan agreement for Phase 2 of the Saurimo Municipal Hospital Construction and Equipping Project. The face value and borrowing terms of the loan are unknown. The loan was approved under a larger China Eximbank credit line, but it is not clear which specific credit line was utilized. The proceeds of the loan use to be used by the borrower partially finance a $17.5 million commercial contract with Sinohydro. The purpose of this project is to construct and equip Saurimo Municipal Hospital in Lunda Sul Province which is also known as Lunda Sul General Hospital and Hospital Geral de Saurimo. This project encountered various delays; however, it was officially completed and inaugurated on 17 October 2020.

Staff comments

This project is also known as the Lunda Sul General Hospital Construction and Equipping Project. The Portuguese project title is Construção e Apetrechamento do Hospital Geral da Lunda Sul - Fase II or Construção e Apetrechamento do Hospital Municipal de Saurimo - Fase II. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.