[Sino-Congolese Programme] China Eximbank provides $2.5 million loan for Survey Coverage of Artisanal Mining Areas in Kolwezi Project (Linked to Record ID#450)

[Sino-Congolese Programme] China Eximbank provides $2.5 million loan for Survey Coverage of Artisanal Mining Areas in Kolwezi 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.

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 $2.5 million loan for the Survey Coverage of Artisanal Mining Areas in Kolwezi Project.

As of 2020, this loan had achieved a disbursement rate of 55.3% ($1,384,684.65 out of $2,500,000).

The purpose of the project was to undertake surveys in the artisanal mining areas of the city of Kowezi within Lualaba Province. Société d'Infrastructures Sino-Congolaises (SISC) SA was the contractor responsible for project implementation. It was awarded a $2.5 million contract (ID#ACGT/DG/002/2018).

This project reached implementation (and may have also reached completion). However, its precise implementation start and end dates are unknown.