Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $6 million loan for Kabondo-Dianda-Mukwende Earth Road Rehabilitation 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	Jul 05, 2030
Duration	5,436 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59221`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $6 million loan for Kabondo-Dianda-Mukwende Earth Road Rehabilitation 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 $6 million loan for the Kabondo-Dianda-Mukwende Earth Road Rehabilitation Project.

As of 2020, the loan had achieved a disbursement rate of 78% ($4,675,992.11 out of $6,000,000).

The project involved the widening and construction of an overture for the 350 km Kabondo-Dianda-Mukwende earth road within Haut-Lomami Province.

CREC 7 — a subsidiary of China Railway Engineering Corporation (CREC) — was the contractor responsible for project implementation. It was awarded a $6 million contract (ID#ACGT/DG/-12/2015) on August 17, 2015. Then, on November 8, 2018, construction began.

In December 2021, the road passed the provisional acceptance criteria after an evaluation, meaning the project has effectively reached completion.

📋 Staff Comments

The French name for this project is Projet de réhabilitation de la route Kabondo-Dianda-Mukwende (350 Km) or Ouverture de la Route Kabondo Dianda-Mukwende (350 km).
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
Projet de réhabilitation de la route en terre Kamina-Kabongo
Kamina-Kabongo Earth Road Rehabilitation Project
Rapport Annuel 2017
Rapport Annuel 2016
Plan du Travail, 2018 Annual Report
RD CONGO
PROJET DE REHABILITATION DE LA ROUTE KAMINA-KABONGO (R630)
Haut-Lomami: the Lububu bridge on the Kamina-Kabongo road rehabilitated, 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
Projet de réhabilitation de la route en terre Kabondo - Dianda - Mukwende
Kabondo - Dianda - Mukwende earth road rehabilitation project
Infrastructure drives China-DRC cooperation 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.