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CDB pledges to fund construction of highway from Kinshasa Central Station to N'djili Airport
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Democratic Republic of Congo |
| Country | Democratic Republic of the Congo |
| Start Date | Jan 01, 2009 |
| End Date | Aug 21, 2033 |
| Duration | 8,998 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 59225 |
Grant Description
CDB pledges to fund construction of highway from Kinshasa Central Station to N'djili Airport In 2009, the China Development Bank pledged to fund the construction of a highway from Kinshasa Central Station to N'djili Airport in Democratic Republic of Congo.
According to the South African Institute of International Affairs, the project was to be funded by a credit line funded by the China Development Bank.
The loans were to be reimbursed through the profits from a mining joint venture to be set up for the exploitation of copper and cobalt concessions in Kolwezi and Potopoto in Katanga Province. However, the negotiations of 2008-2009 never led to an agreement being signed. CCCC was intended to be the contractor responsible for project implementation.
The project was planned to be relaunched in 2018.
Sources & References
- Patterns of Chinese Investment
- Aid and Trade in Central Africa (Cameroon, the DRC and Gabon)
- The Sicomines Agreement: Change and Continuity in the Democratic Republic of Congo’s International Relations
- Rapport Annuel 2017
- Plan du Travail 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
Government of Democratic Republic of Congo
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