AfDB finances a project in Angola with Chinese participation for 117 million

The African Development Bank (AfDB) will finance another project in Angola with US$125 million in the urban areas of Benguela province, a person responsible for the institution told Lusa.

“It was approved earlier, is prepared and is now starting to be implemented. Our financing is US$125 million, of which US$50 million is a credit facility provided by China, which the AfDB will administer,” Pietro Toigo told Lusa, the bank representative for Angola.

The project will cover the cities of Benguela, Lobito, Baía Farta, Catumbela, focusing in particular on the sanitation network, reticular where possible, and also with the supply of latrines in slightly more rural areas, as well as with intervention in areas of nutrition and household hygiene.

(Source: Dinheiro Vivo)