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[Sino-Congolese Programme] China Eximbank provides funding for technical studies of Uvira Road Rehabilitation and Modernization Project (Linked to Record ID#450, #46235, #85285)
| 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, 2017 |
| End Date | Jan 11, 2029 |
| Duration | 4,393 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 59524 |
Grant Description
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.
All infrastructure projects supported through the general buyer's credit loan were part of the so-called “Sino-Congolese Programme." One of the subsidiary projects under the ‘Sino-Congolese Programme’ was the funding of the technical studies for the Uvira Road Rehabilitation and Modernization Project in 2017.
Democratic Republic of Congo Agence Congolaise des Grands Travaux (ACGT) was the implementing agency. It is unclear whether the project is ongoing or complete. The nature of the financial commitment for this project is also unknown.
Staff Comments
- The French name for this project is Etudes de la traversée d'Uvira.
- Phase 1 of the construction of the Uvira Road Rehabilitation and Modernization Project is captured via Project ID#46235. Phase 2 is captured via Project ID#85285.
Sources & References
- Rapport Annuel 2017, 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
- My 25th batch of officers and soldiers of the peacekeeping engineer detachment to the Congo (Kinshasa) is pressing ahead with the road repair task 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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