Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $15 million loan for Phase 1 of Mbuji Mayi-Mwene Ditu Paved 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	May 25, 2031
Duration	5,760 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59244`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $15 million loan for Phase 1 of Mbuji Mayi-Mwene Ditu Paved 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 $15 million loan for Phase 1 of the Mbuji Mayi-Mwene Ditu Paved Road Rehabilitation Project.

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

The project involved the rehabilitation of a 155 km road between Mbuji Mayi and Mwene Ditu in Kasai Oriental and Lomami Provinces.

CREC 8 — a subsidiary of China Railway Engineering Corporation (CREC) — was the contractor responsible for project implementation. It was awarded a contract (ID#ACGT/DG/002/2015) on August 17, 2015. Then, on October 18, 2016, construction began. This project was provisionally accepted on November 27, 2018.

It was officially completed on August 12, 2019. The project’s originally scheduled completion date was November 27, 2018.

📋 Staff Comments

This project is different from the one recorded in Record ID#59079.
The French project title is Réhabilitation de la Route revêtue Mbuji Mayi-Mwene Ditu (135 km).
Given that AidData has captured the entire $3.003 billion China Eximbank loan commitment amount for multiple infrastructure projects via Record 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 2018
Rapport Annuels 2017
Mbuji Mayi - Mwene Ditu Paved Road Rehabilitation Project
Projet de réhabilitation de la Route revêtue Mbuji Mayi - Mwene Ditu
Rapport Annuel 2017
Rapport Annuel 2016, 2018 Annual Report
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
CONVENTION DE LA SINO-CONGOLAISE DES MINES : Qui perd, qui gagne entre l’Etat congolais et la Chine ?, rapport assoupliitie
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.