Active Development AidData Chinese Aid

CDB provides $376 million loan for Sumbe City Integrated Infrastructure Construction Project (Lots 1-3)

$376M USD

Funder	China Development Bank (CDB)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Jan 01, 2017
End Date	Oct 23, 2032
Duration	5,774 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73460`

Grant Description

CDB provides $376 million loan for Sumbe City Integrated Infrastructure Construction Project (Lots 1-3) China Development Bank reportedly made three disbursements from a larger credit line that it previously signed with the Government of Angola for Lot 1, Lot 2, and Lot 3 of the Sumbe City Integrated Infrastructure Construction Project in 2017.

The disbursements for Lots 1, Lot 2, and Lot 3 were worth $158 million, $106 million, and $112 million, respectively.

Lots 1 and 2 are being implemented by China Harbour Engineering Company (CHEC) and they involve slope stabilization and relocation activities in Sumbe City within Kwanza Sul Province.

Lot 3 is being implemented by Sinohydro and it involves construction works, including water drainage, footpaths, street paving, and lighting and sanitation systems in Sumbe City within Kwanza Sul Province.

The proceeds of the CDB loan disbursements will be used by the borrower to partially finance a $311.2 million commercial contract with CHEC and a $130.8 million commercial contract with Sinohydro.

On July 19, 2017, a groundbreaking ceremony took place and the project had achieved a 75% completion rate as of June 2019.

📋 Staff Comments

This project is also known as the Sumbe Municipal Comprehensive Infrastructure Upgrading Project. The Portuguese project title is Projecto de Desenvolvimento das Infra-estruturas Integradas do Sumbe. The Chinese project title is 安哥拉松贝市综合基础设施升级改造项目.
This project may have been financed through one of 2 CDB MLFAs captured by AidData: the 2014 CDB MLFA (see Project ID#66806) or the 2015 CDB MLFA (see Project ID#66847). This issue warrants further investigation.

📚 Sources & References

安哥拉松贝市政LOT2项目正式开工
安哥拉松贝市综合基础设施升级改造项目举行开工典礼, 【公司要闻】安哥拉松贝市综合基础设施升级改造项目举行开工典礼
安哥拉松⻉市综合基础设施升级改造项目举行开工典礼
China Harbour Engineering restarts infrastructure work at Angola’s Sumbe
Cidade do Sumbe no Cuanza Sul com 460 milhões para obras de saneamento
Governo busca financiamento para circular do Sumbe
Governador avalia projecto de infraestruturas integradas do Sumbe
新疆生产建设兵团建设工程（集团）有限责任公司跟踪评级报告
Minister of Public Works: Sumbe requalification affected by non-approval of credits from Brazil and China 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.