CDB provides $54 million loan for Marçali Water Distribution Center Rehabilitation Project
Commitment amount
$ 60913973.818251096
Adjusted commitment amount
$ 60913973.82
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Angola
Sector
Water supply and sanitation (Code: 140)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2013, China Development Bank (CDB) and the Government of Angola signed a $54 million loan agreement for the Marçali Water Distribution Center Rehabilitation Project. The borrowing terms of this loan are unknown. The proceeds of the loan were used to finance a $68,521,991.68 commercial contract between China Gezhouba Group Company and Public Water Company of Luanda (EPAL), which was signed on August 8, 2011. This project sought to increase the water distribution capacity of the Marçali Water Distribution Center by gravity to the neighborhoods of Maianga, Marçal and Zona Alta Nascente within Luanda Province. A groundbreaking ceremony was held on July 25, 2013 and the project was completed on October 16, 2015. A completion ceremony was held on February 4, 2016.
Additional details
The Chinese project title is Marçali水配送中心 or 马央革配水中心 or 的安哥拉罗安达马央革配水中心项目. The Portuguese project title is Centro de Distribuição de Água do Marçal.
Number of official sources
3
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Angola [Government Agency]
Implementing agencies [Type]
China Gezhouba Group Company Ltd. (CGGC) [State-owned Company]