Active Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank pledges $10 million loan for Komanda-Bunia-Mahagi 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	Jan 01, 2015
End Date	Feb 13, 2026
Duration	4,061 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59398`

Grant Description

[Sino-Congolese Programme] China Eximbank pledges $10 million loan for Komanda-Bunia-Mahagi 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 that was slated for issuance through the “Sino-Congolese Programme” was a $10 million loan for the Komanda-Bunia-Mahagi Road Rehabilitation Project.

This project involves the rehabilitation of 265 km Komanda-Bunia-Mahagi Road.

It was listed as a possible project under the “Sino-Congolese Programme” in a 2015 Plan Strategique de Developpement by Agence Congolaise des Grands Travaux (ACGT). However, it is not identified in the 2017 or 2018 annual reports of ACGT.

📋 Staff Comments

It does not appears that a loan has been officially committed for this project, so AidData has status-coded it as a pledge for the time being.
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 REOUVERTURE ET D’ENTRETIEN DES ROUTES HAUTEMENT PRIORITAIRES -PRO-ROUTES
Plan Strategique de Developpement de L'ACGT
Rapport Annuel 2017, 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.