China Eximbank provides $79.7 million loan for Phase 2 of the Public Security Project
Commitment amount
$ 79700000.0
Adjusted commitment amount
$ 79700000.0
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Angola
Sector
Government and civil society (Code: 150)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On December 17, 2021, China Eximbank and the Government of Angola signed a $79.7 million loan agreement for Phase 2 of the Public Security Project. The purpose of this project is to install a network of surveillance (CCTV) cameras in Luanda and various provincial centers and establish various Public Security Integrated Centers to monitor the information that is collected through the surveillance network. China National Electronics Import and Export Corporation (CEIEC) and Huawei Technologies Co., Ltd. are the contractors responsible for project implementation.
Additional details
1. The Portuguese project title is Centro Integrado de Segurança Pública (CISP). 2. It appears that Phase 1 of the Public Security Project, which was underway in 2020, was financed through a credit line with China Eximbank or CDB. This loan may have financed a $243 million commercial contract with CEIEC. This issue warrants further investigation.
Number of official sources
2
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Angola [Government Agency]
Implementing agencies [Type]
China National Electronics Import & Export Corporation (CEIEC) [State-owned Company]
Huawei Technologies Co., Ltd. [Private Sector]