Active Development AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides funding for technical studies of Kalemie Road Rehabilitation and Modernization Project (Linked to Record ID#450, #59214, #85273)

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	Mar 05, 2026
Duration	3,350 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59530`

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.

📋 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 projects under the ‘Sino-Congolese Programme’ was the funding of the technical studies for the Kalemie Road Rehabilitation and Modernization Project (Voirie de Kalemie) in 2017.

Democratic Republic of Congo Agence Congolaise des Grands Travaux (ACGT) was the implementing agency. The nature of the financial commitment for this project is unknown.

The first section of the Kalemie Road Rehabilitation and Modernization Project was completed and started operations on Oct 27, 2020.

📋 Staff Comments

The French name for this project is Etudes techniques du pont sur la rivière Kalemie et de vérification des travaux d'assainissement de la voirie de Kalemie.
Phase 1 of the construction of the Kalemie Road Rehabilitation and Modernization Project is captured via Project ID#59214. Phase 2 is captured via Project ID#85273.

📚 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
First section of DRC infrastructure project completes 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.