Active Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $22 million loan for 6626 Solar Street Lights 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	Jan 01, 2008
End Date	Jan 27, 2031
Duration	8,427 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`92027`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $22 million loan for 6626 Solar Street Lights 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 $11,000,000 loan for the 6626 Solar Street Lights Acquisition Project. As of 2020, this loan had achieved a disbursement rate of 94% ($10,340,000 out of $11,000,000).

The purpose of the project was to acquire 6626 solar street lights (or “solar poles”) for installation in Kinshasa. AFTRITEC was the contractor responsible for project implementation. It was awarded a $11 million contract (ID#ACGT/DG/004/2011) on July 8, 2011. This project reached at least the implementation phase (and possibly completion.

However, its precise implementation start and end dates are unknown.

📋 Staff Comments

The French project title is Fournitures des 6626 poteaux solaires or Acquisition de 6.626 poteaux solaires or Acquisition de 6626 poteaux solaires.
This project should not be confused with another Solar Street Light Acquisition and Installation Project (captured via China Eximbank-financed Project ID#59217).
This project was financed through Phase 2 of the China Eximbank infrastructure loan. Phase 2 took place between June 2010 and in August 2012. Therefore, AidData has used these dates to approximate the project’s implementation start and end dates for the time being. This issue warrants further investigation.
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 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
Magazine du bureau de coordination et de Suivi du programme Sino-Congolais 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.