China Eximbank pledges $1.61 billion USD for the Pointe-Noire Mineral Port (Pointe-Noire New Port)

China Eximbank pledges 1.61 billion USD for the Pointe-Noire Mineral Port (Pointe-Noire New Port) On February 20, 2016, China Road and Bridge Corporation and the Ministry of Spatial Planning and Major Projects signed a commercial contract for the Pointe-Noire New Port Project (also known as the Mineral Port at Pointe-Noire Project).

In total, the estimated cost of the project is $2.3 billion. 70% to be financed by China Eximbank. Remaining 30% of the cost covered by the contractor and the borrower government. China Road and Bridge Corporation (CRBC) is the contractor. As of 2017, financing for the project has not been finalized.

It is unclear if the construction of this port has been integrated into plans for the Pointe Noire Special Economic Zone framework agreement signed in 2018. 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.