Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $9.5 million loan for 12.934 km Kamina-Musonoï-Kapata Road Construction Project (Linked to Record ID#450)

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Sino-Congolais des Mines (Sicomines SARL)
Country	Democratic Republic of the Congo
Start Date	May 16, 2018
End Date	Jan 10, 2029
Duration	3,892 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`87018`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $9.5 million loan for 12.934 km Kamina-Musonoï-Kapata Road 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 $9.5 million loan for the construction of 12.934 km Kamina-Musonoï-Kapata route in Lualaba.

The loan ultimately achieved a disbursement rate of 100% ($9.5 million out of $9.5 million). Société d'Infrastructures Sino-Congolaises (SISC) SA was the contractor responsible for project implementation. It was awarded a $9.5 million contract (ID#ACGT/DG/003/2018) on May 16, 2018. Construction also began on May 16, 2018.

The project was reportedly completed on September 21, 2020 and handed over to the Government of the Democratic Republic of Congo and the OVD for maintenance.

📋 Staff Comments

The French project title is Construction de la route Kamina-Musonoi-Kapata.
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.
For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

Antenne du Katanga de l'Agence Congolaise des Grands Travaux - Facebook Post, 2018 Annual Report
SAIS-CARI Loans China, 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 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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