Overview

China Eximbank provides $28 million loan for Saurimo Airport Rehabilitation Project

Commitments (Constant USD, 2023)$36,011,877

Commitment Year•2010Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2010

Start (actual): Dec 31, 2007

End (actual): Aug 28, 2012

Geospatial footprint

Map overview

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This project involved the restructuring of the tracks adjacent to the runway and modernization of the passenger terminal at the Saurimo Airport (also known as the Deolinda Rodrigues Airport). More detailed locational information can be found at https://www.openstreetmap.org/way/580149283.

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 Transportation

Collateral providers

State-owned companies

Sonangol E.P.

Loan description

China Eximbank provides $28 million loan for Saurimo Airport Rehabilitation Project

Interest type•Unknown

Collateral

The loan was collateralized against future oil export receipts.

Narrative

Full Description

Project narrative

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.

Staff comments

1. The Portuguese project title is Nova Aerogare do Aeroporto “Deolinda Rodrigues”