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Overview

China Eximbank provides $79.7 million loan for Phase 2 of the Public Security Project

Commitments (Constant USD, 2023)$73,494,688
Commitment Year•2021Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Government And Civil SocietyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 17, 2021

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of this project is to install phase 2 of the public security project in Luanda. More detailed locational information can be found at: https://www.openstreetmap.org/way/693999814.

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

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Angola

Implementing agencies

Private Sector

  • Huawei Technologies Co., Ltd.

State-owned companies

  • China National Electronics Import & Export Corporation (CEIEC)

Loan desecription

China Eximbank provides $79.7 million loan for Phase 2 of the Public Security Project

Interest type•Unknown

Narrative

Full Description

Project narrative

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.

Staff comments

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.