Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $15 million loan for Phase 1 of Kalemie Road Rehabilitation and Modernization Project (Linked to Record ID#450, #85273)

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 01, 2028
Duration	4,733 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59214`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $15 million loan for Phase 1 of Kalemie 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 $15 million loan for Phase 1 of the Kalemie Road Rehabilitation and Modernization Project.

The loan ultimately achieved a disbursement rate of 100% ($15 million out of $15 million).

Phase 1 involved the rehabilitation and modernization of roads in Kalemie (including Lumumba Boulevard) in Tanganyika Province — specifically, the PK0 to PK4 + 600 stretch of road.

CREC 9 — a subsidiary of China Railway Engineering Corporation (CREC) — was the contractor responsible for project implementation.

It was awarded a $10 million contract (ID#ACGT/DG/004/2015) on August 17, 2015 and a $5 million contract (ID#ACGT/DG/008/2018) on November 30, 2018. Then, on March 11, 2017, Phase 1 construction activities began. The project's first phase achieved provisional acceptance on August 24, 2019. Then, on October 27, 2020, is was officially completed.

The original scheduled completion date for Phase 1 was August 24, 2019.

📋 Staff Comments

The French project title is Projet de Réhabilitation et de Modernisation de la Voirie de Kalemie.
Phase 2 runs from PK4 + 600 to PK12 + 167. The China Eximbank loan for Phase 2 is captured via Project ID#85273.
One source suggests that CREC 7, CREC 8, and CREC 9 — subsidiaries of China Railway Engineering Corporation (CREC) — are the contractors responsible for implementation for both phases.
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 Annuels 2017
Rapport Annuel 2018
Rapport de Conciliation ITIE RDC 2015 - signé.pdf
Construction of the Kalemie road network
Construction de la voirie de Kalemie
Rapport Annuel 2017
Rapport Annuel 2016
Plan du Travail, 2018 Annual Report
First section of DRC infrastructure project completes
RAPPORT_ASSOUPLI_ITIE_RDC_2018_2019_1er_Semestre_2020_Adopté
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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