Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $6.1 million loan for Phase 2 of Kalemie Stadium Construction Project (Linked to Record ID#450, #59213)

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	Apr 30, 2029
Duration	5,005 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85274`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $6.1 million loan for Phase 2 of Kalemie Stadium Construction 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 $6,128,606.22 million loan for the Kalemie Stadium Construction Project (Phase II).

As of 2020, this loan had achieved a disbursement rate of 97% ($5,967,177.07 out of $6,128,606.22).

This project involves the construction of a 26,633.49 square meter stadium with 15,000 seats that is located in the town of Kalemie in Tanganyika Province.

CREC 9 — a subsidiary of China Railway Engineering Corporation (CREC) — and Société d'Infrastructures Sino-Congolaises (SISC) SA were the contractors responsible for project implementation. They awarded a $6,128,606.22 contract (ID#ACGT/DG/006/2018). The project was completed on September 21, 2022.

📋 Staff Comments

The French project title is Projet de Construction d’un Nouveau Stade à Kalemie.
Phase 1 of the Kalemie Stadium Construction Project was also funded via the Sino-Congolese Programme and is captured via Project ID#59213.
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.

📚 Sources & References

Rapport Annuel 2017
Construction of the Kalemie stadium
Construction du stade de Kalemie
Rapport de Conciliation ITIE RDC 2015 - signé.pdf
Rapport Annuel 2018
Rapport Annuel 2015
Rapport Annuel 2016
Plan du Travail, 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
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.