Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $9.99 million loan for Kamina Water Collection and Treatment Unit Construction Project (Linked to Record ID#450)

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	Oct 17, 2031
Duration	5,905 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59209`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $9.99 million loan for Kamina Water Collection and Treatment Unit Construction 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 $9,999,897.77 loan for the Kamina Water Collection and Treatment Unit Construction Project.

As of 2020, the loan had achieved a disbursement rate of 97% ($9,740,014.49 out of $9,999,897.77).

The project involves the construction of a water collection and treatment unit in Kamina, the capital city of Haut Lomami province.

The plant will seek to increase water production capacity from 450 m3 of water per day to 7,000 to 10,000 m3 of water per day.

CREC 8 — a subsidiary of China Railway Engineering Corporation (CREC) — is the contractor responsible for implementation. It was awarded a $9,999,897.77 contract (ID#ACGT/DG/006/2015) on August 17, 2015. Then, on April 20, 2017, construction began. The originally scheduled project completion date was December 2, 2018.

However, this date was later pushed out until January 20, 2020. The project ultimately achieved provisional acceptance on January 20, 2020.

📋 Staff Comments

The French project title is Construction de l'unité de captage et de traitement d'eau à Kamina or Projet de Construction de l'Unité de Captage et de traitement d'Eau à Kamina au Katanga.
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

Rapport Annuel 2015
Rapport Annuels 2017
Rapport de conciliation ITIE-RDC 2016 Réalisé pour le compte du Comité Exécutif de l’ITIE RDC Par Ernst & Young RDC SARL
Administrateur Indépendant
Construction of the water collection and treatment unit in Kamina
Construction de l’unité de captage et de traitement d’eau à Kamina
Rapport Annuel 2017
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
RDC - Contrat chinois : Un centre de recherche dénombre 40 infrastructures réalisées mais surfacturées à 824 millions $ 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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