China Eximbank provides $28 million loan for Saurimo Airport Rehabilitation Project
Commitment amount
$ 38996354.20229473
Adjusted commitment amount
$ 38996354.2
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Angola
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2010, China Eximbank and the Government of Angola signed a $28 million loan agreement for the Saurimo Airport Rehabilitation Project. The borrowing terms fo the loan are unknown. However, it is known that the loan was secured by (i.e. collateralized against) future oil export receipts. The project involved the restructuring of the tracks adjacent to the runway and of the passenger terminal at the Saurimo Airport (also known as the Deolinda Rodrigues Airport). Rehabilition work began at the end of 2007 and was completed on August 28, 2012.
Additional details
1. The Portuguese project title is Nova Aerogare do Aeroporto “Deolinda Rodrigues”
Number of official sources
1
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Angola [Government Agency]
Implementing agencies [Type]
Angola Ministry of Transportation [Government Agency]
Collateral
Future oil export receipts