Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $787,136 loan for Avenue Kitutu Solar Lighting Supply and Installation 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, 2023
End Date	Nov 13, 2031
Duration	3,238 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`108769`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $787,136 loan for Avenue Kitutu Solar Lighting Supply and Installation 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 $787,136 loan for the Avenue Kitutu Solar Lighting Supply and Installation Project.

The project involved the supply and installation of solar lighting for Avenue Kitutu in Tanganyika Province.

This project had reached by the end of calendar year 2023, but its precise implementation start and end dates are unknown.

📋 Staff Comments

The French project title is Projet de fourniture installation des Poteau solaires Avenue Kitutu.
Given that AidData has captured the entire $3.003 billion China Eximbank loan commitment amount for multiple infrastructure projects via Record 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 D’ACTIVITE 2023 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.