Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $5.33 million loan for construction of 5km ramp connecting the Kalemie stadium to Lumumba Boulevard (Linked to Record ID#450, #59220)

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	Dec 13, 2031
Duration	5,962 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85311`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $5.33 million loan for construction of 5km ramp connecting the Kalemie stadium to Lumumba Boulevard 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 $5,333,019.45 loan for the construction of a 5 km ramp connecting the Kalemie stadium to Lumumba Boulevard.

As of 2020, the loan achieved a disbursement rate of 66% ($3,535,947.76 out of $5,333,019.45).

CREC 9 — a subsidiary of China Railway Engineering Corporation (CREC) — is the contractor responsible for project implementation. It was awarded a $5,333,019.45 contract (ID#ACGT/DG/07/2019). The project official began construction on September 3, 2020. Asphalting for the ramp began January 28, 2021.

The project was completed on September 27, 2022.

📋 Staff Comments

The French project name is Construction de la bretelle reliant le stade de Kalemie au boulevard Lumumba. 2 According to the 2018 ACGT Annual Report, funding was still pending the approval by the Board of Directors of Sicomines SARL in 2018 after a request was made to reallocate funds from the Kalemie airport terminal project (see Project ID#59220) to this ramp construction project.
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

Asphaltage à Kalemie de la bretelle reliant le boulevard Lumumba au boulevard Joseph KABILA: le Gouverneur Zoé KABILA donne le go.
Le ministre près le Gouverneur du Tanganyika a visité le projet de la bretelle reliant le boulevard Lumumba et le nouveau stade de Kalemie., 2018 Annual Report
The project connecting Kalemie Terminal - Kalemie New Stadium - Lumumba Avenue undertaken by China-Congo Infrastructure passed the temporary acceptance, 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.

All Grantees

Sino-Congolais des Mines (Sicomines SARL)

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