Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $13 million loan for Phase 1 of the 55.5 km Bukavu-Nyangezi-Kamanyola-Uvira Segment of Route Nationale 5 (RN5) Construction and Modernization Project (Linked to Record ID#450 and #85310)”

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Sino-Congolais des Mines (Sicomines SARL)
Country	Democratic Republic of the Congo
Start Date	Dec 22, 2010
End Date	Dec 16, 2029
Duration	6,934 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`46231`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $13 million loan for Phase 1 of the 55.5 km Bukavu-Nyangezi-Kamanyola-Uvira Segment of Route Nationale 5 (RN5) Construction and Modernization Project In 2008, China Eximbank issued a $3.003 billion general buyer's credit loan to Sino–Congolais des Mines (Sicomines SARL) — a joint venture — to finance infrastructure projects in the DRC (as captured via Record ID#450).

All subsidiary borrowings under the (government-guaranteed) general buyer's credit loan agreement were to be repaid with revenues from mining projects managed by Sicomines SARL.

📋 Loan / Grant Terms

💰 Loan Amountcarried a maturity of 25 years

All infrastructure projects supported through the general buyer's credit loan were part of the so-called “Sino-Congolese Programme." One of the subsidiary loans issued as part of the ‘Sino-Congolese Programme’ was a $13 million loan for the 55.5 km Bukavu-Nyangezi-Kamanyola-Uvira Segment of Route Nationale 5 (RN5) Construction and Modernization Project.

The loan ultimately achieved a disbursement rate of 100% ($13 million out of $13 million).

The project involved the construction and modernization of a 55.5 km road between the town of Bukavu and the town of Uvira in North Kivu Province.

The road also connects the cities of Uvira and Kamanyola, which are border towns near Rwanda and Burundi and important areas for agricultural production.

Sinohydro 14 and CIMA International were the contractors responsible for implementation and their work was overseen by DRC's Agence Congolais des Grands Travaux. Sinohydro 14 and CIMA International were awarded a $13 million contract (ID#ACGT/DG/001/2014) on April 8, 2015. The contract was amended on August 28, 2015.

Construction began on November 5, 2011 and the project was originally expected to last 20 months (July 5, 2013 estimated completion date). The project was provisionally completed on March 14, 2017 and formally completed on April 15, 2018.

📋 Staff Comments

This project is also known as the RN5 Bukavu-Ngangezi-Kamanyola Upgrade project. The French project title is Travaux du Projet d'Asphaltage de la route Bukavu-Kamanyola or Projet de Construction et Modernisation de la RN5 : Bukavu-Nyangezi-Kamanyola-Uvira/Lot1 : Bukavu - Nyangezi - Kamanyola (55,50 Km).
The project was carried out in 2 phases: 5km of the RN5 in Phase 1 and 50km of the RN5 in Phase 2. Phase 2 is captured via Project ID#85310.
One source suggests that the project’s originally scheduled completion date was March 14, 2017. This issue warrants further investigation.
Given that AidData has captured the entire $3.003 billion China Eximbank loan commitment amount for multiple infrastructure projects via Project ID#450, it does not record a financial commitment (transaction) amount for the subsidiary loan supporting this project to avoid double-counting.
For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

Asphalting of the Bukavu-Kamanyola road
China and Congo : Friends in Need
CONTROL AND SUPERVISION OF CONSTRUCTION AND MODERNIZATION WORK ON THE BUKAVU-NYANGEZI-KAMNYOLA-UVIRA ROAD (135-KM)
Projet de Construction et Modernisation de la RN5 : Bukavu - Nyangezi - Kamanyola - Uvira/Lot1 : Bukavu - Nyangezi - Kamanyola
Rapport Annuel 2015
Rapport annuel Exercice 2013
The impact of Sicomines on development in the Democratic Republic of Congo
Asphaltage de la route Bukavu-Kamanyola
Rapport Annuel 2012, drc-china infrastructure status march 2011
RN5 Construction and Modernization Project: Bukavu - Nyangezi - Kamanyola - Uvira / Lot1: Bukavu - Nyangezi - Kamanyola, https://foreignpolicymag.files.wordpress.com/2018/06/01911-sicomines-workingpaper-landry-v6.pdf
Rapport Annuel 2018
Rapport de Conciliation ITIE RDC 2015 - signé.pdf
Rapport Annuels 2017
Rapport Annuel 2017
Chinese Loans to Africa Database
Rapport Annuel 2016
Plan du Travail, 2018 Annual Report, rapport assoupliitie
CONVENTION DE LA SINO-CONGOLAISE DES MINES : Qui perd, qui gagne entre l’Etat congolais et la Chine ?
Etude d’évaluation de la mise en œuvre de la convention de collaboration relative au développement d’un projet minier et d’un projet d’infrastructures en RD Congo Projet SICOMINES 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

Sino-Congolais des Mines (Sicomines SARL)

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