Nova Cidade de Kilamba is a large housing development in Angola. It is being built by the China International Trust and Investment Corporation. Kilamba is designed to accommodate 500,000 people, and includes 750 apartment blocks, over 100 commercial premises and a dozen schools.
The cost is reported as $3.5 billion, financed by a Chinese credit line and repaid by the Angolan government with oil. As of July 2012 the buildings in Kilamba are largely complete but still unoccupied. Only 220 apartments had been sold out of the first release of 2,800. One school is in operation, but children are bussed in from other areas as there are none living nearby.
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