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CDB provides $59.2 million loan for Phase 1A of Lar do Patriota Integrated Infrastructure Project (Linked to Record ID#73910)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Angola |
| Country | Angola |
| Start Date | Dec 09, 2013 |
| End Date | Dec 07, 2027 |
| Duration | 5,111 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 67367 |
Grant Description
CDB provides $59.2 million loan for Phase 1A of Lar do Patriota Integrated Infrastructure Project On December 9, 2013, the President of Angola issued an order (Presidential Order No. 135/13), approving a $59.2 million loan from China Development Bank (CDB) for Phase 1A of the Lar do Patriota Integrated Infrastructure Project.
The proceeds of the loan were used by the borrower to finance a $74 million commercial contract with H&S # 151 China Huashi Group and Consortium Sichuan Huashi Group Corporation, Limited.. This project involved the installation of municipal infrastructure in the Lar do Patriota suburb of Luanda. The project commenced on August 8, 2014, and as of May 5, 2016, it had achieved a 96.05% completion rate.
The project reached completion, but its precise completion date is unknown. Phase 2 of the Lar do Patriota Integrated Infrastructure Project is captured in linked Record ID#73910.
Staff Comments
The Portuguese project title is Construção de Infra-Estruturas Integradas do Lar do Patriota, na Província de Luanda - Fase 1A.The Chinese project title is 爱国者市政项目.In the the database of Chinese loan commitments that SAIS-CARI released in July 2020, it identifies 3 CDB loans (worth $50 million, $24 million, and $25 million, respectively) between 2011 and 2012 for this project. However, it does not record the $59.2 million CDB loan that was contracted in 2013. AidData has not identified any official sources that corroborate the provision of CDB loans for this project between 2011 and 2012, so for the time being it only records the $59.2 million loan from CDB in 2013.
Sources & References
- CITIC Construction delivers part of a real estate project in July in Luanda
- Angola, 1.? CÂMARA RESOLUÇÃO N2029/FP/2014 Processo n° 87/PV/2014
- 安哥拉建设部国家基础设施总局局长一行视察爱国者市政工程建设情况
- 安哥拉爱国者市政项目路灯一次通电成功
- 中企承建安哥拉综合市政项目举行开工典礼
- Chinese Loans to Africa Database
- DR n.º 236 - 09.12.2013
- Resolucao No. 45/FP/14 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of Angola
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