CDB provides $27 million loan for 61 km Maria Teresa-Dondo Road Rehabilitation Project
Commitment amount
$ 31881721.72567861
Adjusted commitment amount
$ 31881721.73
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [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 2016, China Development Bank and the Government of Angola reportedly signed a $27 million loan agreement for the 61 km Maria Teresa-Dondo Road Rehabilitation Project. This loan was reportedly obtained through a China Development Bank credit line (or master loan facility agreement), although which one is unclear. The borrowing terms of the loan are unknown. This project involved the reconstruction of a 61 km segment from Maria Teresa to Dondo along the EN321 Road in Kwanza Norte (Cuanza Norte) Province. China Tiesiju Civil Engineering Group (CTCE or CREC4) was the contractor responsible for implementation. A groundbreaking ceremony for this project took place on 26 August, 2016. This project was completed and the road was opened to traffic on 17 September, 2020.
Additional details
This project is also known as the EN321 Road Rehabilitation Project. The Chinese project title is Maria Teresa-Dondo公路重建项目 or 主营销的北宽扎省Maria Teresa-Dondo公路重建项目. This project might be funded by one of 2 CDB MLFAs captured by AidData, a 2014 CDB MLFA (#66806) and a 2015 CDB MLFA (#66847).
Number of official sources
3
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Angola [Government Agency]
Implementing agencies [Type]
China Tiesiju Civil Engineering Group Co., Ltd. [State-owned Company]