Active Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $5.5 million loan for Kalemie Airport Terminal Construction Project (Linked to Record ID#450, #85311)

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Sino-Congolais des Mines (Sicomines SARL)
Country	Democratic Republic of the Congo
Start Date	Jan 01, 2015
End Date	Oct 29, 2032
Duration	6,511 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59220`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $5.5 million loan for Kalemie Airport Terminal 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 $5.5 million loan for the Kalemie Airport Terminal Construction Project. This project involves the construction of an airport terminal in the city of Kalemie within Tanganyika Province.

According to the 2018 ACGT Annual Report, the funding that was originally earmarked for the project was later proposed for reallocation to the ramp construction project (captured via Record ID#85311). This reallocation was still pending the approval by the Board of Directors of Sicomines SARL as of 2018.

📋 Staff Comments

The French project title Construction de l'aérogare de l'aéroport de Kalemie.
AidData has not yet identified any evidence that project implementation commenced. Note that while this project appears in ACGT's 2017 Annual Report with a status of ‘A démarrer,’ it is not included in the 2018 Annual Report.
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 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 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.