Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $8.9 loan for Manono Road Rehabilitation and Modernization 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	May 28, 2033
Duration	6,494 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59223`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $8.9 loan for Manono 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 $8,986,554.20 loan for the Manono Road Rehabilitation and Modernization Project. As of 2020, the loan had achieved a disbursement rate of 87.6%.

This project involves the rehabilitation and modernization of a 3.84 km road network in the town of Manono within Tanganyika Province.

CREC 9 — a subsidiary of China Railway Engineering Corporation (CREC) — is the contractor responsible for project implementation. It was awarded a $5 million contract (ID#ACGT/DG/005/2015) on August 17, 2015.

The contract was subsequently amended to include $521,585.97 for the Route municipal Line Z (.256 km), $745,226.61 for the Route municipal Line 5 (.4 km), $973,651.14 for the Route municipal Line D (.38 km), $461,956.95 for the Route municipal Line C (.28 km), $1,187,384.24 for the Route municipal Line A (.865 km), and $96,749.29 for the Route municipal Line L (.927 km).

Then, on October 10, 2018, construction began. The project was completed on April 13, 2022.

📋 Staff Comments

The French name of this project is Projet de Réhabilitation et de Modernisation de la Voirie de Manono.
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 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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