Active Development AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides funding for technical studies of Bukavu Stadium Construction Project (Linked to Record ID#450, #59212)

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	Dec 15, 2027
Duration	4,000 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59533`

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 Bukavu Stadium Construction Project in 2017.

Technical studies focused on topographical, geotechnical, and photogrammetry analysis. Democratic Republic of Congo Agence Congolaise des Grands Travaux (ACGT) was the implementing agency. The groundbreaking ceremony was held on January 6, 2018. 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 topographiques, géotechniques et photogramétriques du site du stade de Bukavu.
The Bukavu Stadium Construction Project is captured via Project ID#59212.

📚 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
Congo (DRC) Bukavu Stadium project officially started 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.