China Road & Bridge Corporation finances Mineral Port at Pointe-Noire (Linked to Record ID#30501)

On February 20, 2016 the China Road and Bridge Corporation(CRBC) and Congolese Minister of Land and Resources Engineering signed an agreement for the construction of an ore port in Pointe Noire.

The project is called the Pointe-Noire New Port Project (also known as the Mineral Port at Pointe-Noire Project) (黑角矿业港项目). CRBC will cover 15% of the total cost, $345 million.

China Eximbank will loan $1.61 billion to cover 70% of the cost, the contractor and the Congolese government will provide the remaining 15%. In total, the estimated cost of this project is $2.3 billion. The contractor is CRBC.

On March 29, 2013 China and the Republic of Congo signed cooperation agreements in Brazzaville, including construction a new port for mineral ore shipments at Pointe-Noire.

In December 2015, during the Summit of the China-Africa Cooperation Forum, the company's chairman Wen Gang and Gangfang successfully signed the "Congo (Brazzaville) Point Noire Mining Port Construction Project Cooperation Protocol" in Johannesburg. This project is located at about 8km north of the Pointe Noire Old Port and the construction period is 54 months.

Its construction content mainly includes 1 300,000 dwt iron ore export pier (2 berths), 1 breakwater in the southern side of the port, 150,000 dwt fertilizer berth, 2 50,000 dwt multi-purpose berths, 4km-long 200,000 dwt channel, 4.2km-long 50,000 dwt channel, port area dump site with the total land area of about 1,175,000 square meters, marine reclamation land with an area of about 1,396,000 square meters and phase-I project with a total through capacity of 41.95 million ton per year.

Besides, this project also covers the construction of the 19km-long highway to port and 29.6km-long railway to port. The project is Linked to Record ID#30501, Eximbank's portion of the funding for the port.