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CDB provides $50 million loan for Phase 2 of Lar do Patriota Integrated Infrastructure Project (Linked to Record ID#67367)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Angola |
| Country | Angola |
| Start Date | Jun 22, 2016 |
| End Date | Oct 22, 2029 |
| Duration | 4,870 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 73910 |
Grant Description
CDB provides $50 million loan for Phase 2 of Lar do Patriota Integrated Infrastructure Project In 2016, China Development Bank and the Government of Angola reportedly signed a $50 million loan for Phase 2 of Lar do Patriota Integrated Infrastructure Project.
The proceeds of the loan were used by the borrower to finance a $101,640,000 commercial contract with China Huashi Group and Sichuan Haishan International Trade. Co. Ltd. The loan was approved by the Government of Angola via Presidential Order No. 137/17 on June 22, 2016. This project involved the installation of municipal infrastructure in the Lar do Patriota suburb of Luanda.
A groundbreaking ceremony for this project took place on July 18, 2017. CDB also provided a loan for Phase 1A of this project (see Record ID#67367).
Staff Comments
The Chinese project title is 爱国者综合市政项目二期工.The Portuguese project title is Construção das Infra-Estruturas Integradas do Lar do Patriota Fase 2.
Sources & References
- 中企承建安哥拉综合市政项目举行开工典礼
- Relatório de Balanço do PND 2013-2017
- Iª Série
- Chinese Loans to Africa Database 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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