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Overview

China Development Bank provides $47 million loan for 12 km Sambizanga-Luanda Road Reconstruction Project

Commitments (Constant USD, 2023)$51,263,914
Commitment Year•2016Country 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
Jun 7, 2016
Start (actual)
Sep 9, 2016

Geospatial footprint

Map overview

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This project involved the reconstruction of a 12 km of roads (called Rua 12 de Julho and Avenida Ngola Kiluanje) from Sambizanga district to downtown Luanda. More detailed locational information can be found at https://www.openstreetmap.org/way/616609143 and https://www.openstreetmap.org/way/641259533 and https://www.openstreetmap.org/way/37087949#map=15/-8.8122/13.2678.

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

  • Angola Ministry of Transportation

State-owned companies

  • China Tiesiju Civil Engineering Group Co., Ltd.
  • Sinohydro Corporation Limited

Loan description

China Development Bank provides $47 million loan for 12 km Sambizanga-Luanda Road Reconstruction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2016, China Development Bank (CDB) and the Government of Angola signed a $47 million loan agreement for the 12 km Sambizanga-Luanda Road Reconstruction Project. This loan was reportedly obtained through a master loan facility agreement. The borrowing terms of the loan are unknown. This project involved the reconstruction of 12 km of roads (called Rua 12 de Julho and Avenida Ngola Kiluanje) from Sambizanga district to downtown Luanda. China Tiesiju Civil Engineering Group (CTCE or CREC4) and Sinohydro were the contractors responsible for implementation. A groundbreaking ceremony for this project took place on 9 September 2016. This project was completed, but its precise completion date is unknown.

Staff comments

This project is also known as the Rua 12 de Julho Road Reconstruction Project or the N'Gola-Kiluanget Road Reconstruction Project. The Chinese project title is 安哥拉罗安达市N'Gola Kiluange公路重建工程 or 罗安达省N'gola Kiluange公路重建项目. This project may be financed through the CDB 2015 MLFA worth $15 billion (see Record ID#66847), but the issue requires further investigation.