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Overview

CDB provides $50 million loan for Phase 2 of Lar do Patriota Integrated Infrastructure Project (Linked to Record ID#67367)

Commitments (Constant USD, 2023)$54,536,079
Commitment Year•2016Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 22, 2016
Start (actual)
Jul 18, 2017

Geospatial footprint

Map overview

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The project involved the rehabilitation of two road segments within Huíla Province: a section of the EN110 (lot 1) between Caconda and Quipungo via Chicomba and a section of the EN110 between Rio Ngalo (Matala) and Quipungo. More detailed locational information can be found at https://www.openstreetmap.org/relation/1802545 and https://www.openstreetmap.org/directions?engine=fossgis_osrm_car&route=-13.73885%2C15.06197%3B-14.82532%2C14.54594#map=9/-14.2842/14.8112 and https://www.openstreetmap.org/directions?engine=fossgis_osrm_car&route=-13.7388%2C15.0620%3B-14.7383%2C15.0289#map=12/-14.3676/15.0810

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

  • Government of Angola

Private Sector

  • Sichuan Haishan International Trade. Co. Ltd.

State-owned companies

  • China Huashi Group

Loan desecription

CDB provides $50 million loan for Phase 2 of Lar do Patriota Integrated Infrastructure Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2016, China Development Bank and the Government of Angola reportedly signed a $50 million loan for Phase 2 of Lar do Patriota Integrated Infrastructure Project. The borrowing terms of this loan are unknown. The proceeds of the loan were used by the borrower to finance a $101,640,000 commercial contract with China Huashi Group and Sichuan Haishan International Trade. Co. Ltd. The loan was approved by the Government of Angola via Presidential Order No. 137/17 on June 22, 2016. This project involved the installation of municipal infrastructure in the Lar do Patriota suburb of Luanda. A groundbreaking ceremony for this project took place on July 18, 2017. CDB also provided a loan for Phase 1A of this project (see Record ID#67367).

Staff comments

The Chinese project title is 爱国者综合市政项目二期工. The Portuguese project title is Construção das Infra-Estruturas Integradas do Lar do Patriota Fase 2.