Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $5 million loan for Phase 1 of Uvira Road Rehabilitation and Modernization Project (Linked to Record ID#450, #85285)

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Sino-Congolais des Mines (Sicomines SARL)
Country	Democratic Republic of the Congo
Start Date	Aug 17, 2015
End Date	Aug 04, 2028
Duration	4,736 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`46235`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $5 million loan for Phase 1 of Uvira Road Rehabilitation 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 $5 million loan (issued in 2009) for Phase I of the Uvira Road Rehabilitation and Modernization Project.

The loan ultimately achieved a disbursement rate of 100% ($5 million out of $5 million).

The project involved the rehabilitation and modernization of 5km of highways and roads of the city of Uvira in South Kivu Province. Sinohydro was the contractor responsible for project implementation. It was awarded a $5 million contract (ID#ACGT/DG/019/2015) on August 17, 2015. Construction began on December 1, 2016 and the project was completed on July 16, 2019.

The project’s originally scheduled completion date was April 14, 2018.

📋 Staff Comments

The French project title is Modernisation de la Voirie d’Uvira.
Phase 2 of the Uvira Road Rehabilitation and Modernization Project is captured via Project ID#85285.
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

Construction of roads in the city of Uvira
Projet de Construction et Modernisation de la RN5 : Bukavu - Nyangezi - Kamanyola - Uvira/Lot1 : Bukavu - Nyangezi - Kamanyola
Rapport Annuel 2015
Construction of highways roads of the city of Uvira
RN5 Construction and Modernization Project: Bukavu - Nyangezi - Kamanyola - Uvira / Lot1: Bukavu - Nyangezi - Kamanyola, drc-china infrastructure status march 2011
Rapport Annuel 2018
Rapport Annuels 2017
Uvira
Rapport Annuel 2016
Rapport Annuel 2017, 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.