Project ID: 844

Chinese Government provides $11 million interest-free loan for Economic Housing Project

Commitment amount

$ 26796701.14416391

Adjusted commitment amount

$ 26796701.14

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Angola

Sector

Other social infrastructure and services (Code: 160)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2003-01-01

Geography

Description

In 2003, the Chinese Government and the Government of Angola signed an $11 million interest-free loan agreement for an Economic Housing Project. This project involved the construction of 195 economic housing units — within a 15,197 square meter area — in the city of Luanda. This project was ultimately completed but its exact implementation start and end dates are unknown.

Additional details

The Chinese project title is 安哥拉经济住宅项目 or 195套15197平方米住房.

Number of official sources

2

Number of total sources

5

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Angola [Government Agency]

Loan Details

Interest rate

0.0%

Bilateral loan

Interest-free loan

Investment project loan