CDB provides $10 million loan for 76km Quitexe-Ambuila Road Rehabilitation Project

In 2016, China Development and the Government of Angola reportedly signed a $10 million loan agreement for the 76km Quitexe-Ambuila Road Rehabilitation Project. This loan was reportedly obtained through a China Development Bank credit line (or master loan facility agreement). The borrowing terms of the loan are unknown. This project involved the reconstruction of a 76 km segment from the village of Quitexe in Uíge Province to the town of Ambuíla (Ambuila) in Uíge Province along the along the EN220 Road. The proceeds of the loan are being used to finance a $55,718,226 commercial contract with China Tiesiju Civil Engineering Group (CTCE or CREC4). China Tiesiju Civil Engineering Group (CTCE or CREC4) was the contractor responsible for implementation. A groundbreaking ceremony for this project took place on 6 September, 2016. This project was completed, but its precise completion date is unknown.

Additional details

This project is also known as the EN220 Road Rehabilitation Project. The Chinese project title is 威热省Quitexe-Ambuila公路重建项目 or 威热省QUITEXE道路 or 对威热省道路修缮工程项目. The Portuguese project title is Reabilitação Da Estrada Quitexe/Ambuíla/Quipedro. For the timing being, AidData records the face value of the CDB loan ($10 million) that is reported in the database of Chinese loan commitments that SAIS-CARI released in July 2020. However, the value of the commercial contract for this project is $55,718,226, so it is possible that SAIS-CARI misreported the face value. This issue requires further investigation. 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

6

Number of total sources

10