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Qingdao City, South China Sea Branch 5
Angola Branch Won the Bid for Luanda Water Supply Project
On July 1, CNQC Angola Branch signed contracts on three Water Supply Projects, that is, Bita Tanque and Bita Vacaria water distribution network project, Girafas Area Construction Project and Bita Vacaria and Bita Sapúwith DN 500 Pipeline Construction Project, and Reinforcement System Project Surrounding Panguila, Funda, Caope Velha and Km 32 Maria Teresa with the Water Supplies Company EPAL. The total contract amount is 47.8222 million US dollars and the duration of the project is 12 months.
Above projects are the buyer’s credits of the Government of Angola in the China-Angola Economic and Trade Framework Agreement and China Development Bank pays the money at home.