Completed Mixed AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides $23.9 million loan for Phase 2 of Nzolana Avenue Modernization Project (Linked to Record ID#450, #59229)

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, 2022
End Date	Aug 16, 2028
Duration	2,419 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59235`

Grant Description

[Sino-Congolese Programme] China Eximbank provides $23.9 million loan for Phase 2 of Nzolana Avenue Modernization 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 $23,986,953.49 loan for Phase 2 of the Nzolana Avenue Modernization Project.

The purpose of the project was to modernize Nzolana Avenue in Kinshasa by rehabilitating a 7.117 km road segment between Avenue de la Libération de Kinshasa and Route Lutendele. The road segment connects the Kinsuka, UPN, Malueka and Sangamamba districts. Phase 2 also involved the construction of a bridge over the Mayi ya Mbinza River.

This project was part of a larger program to build a peripheral road that forms a loop all around the city of Kinshasa, connecting Kintambo Magasin, Pompage, UPN, Kimwenza Gare, and Ndjili Airport.

CREC 8 — a subsidiary of China Railway Engineering Corporation (CREC) — and La Société d'infrastructures sino-congolaise (SISC S.A.) were the contractors responsible for implementation. Construction began on October 19, 2022. The project was originally expected to reach completion on May 21, 2024.

However, it was ultimately completed ahead of schedule -- on November 14, 2023. The project was provisionally accepted by the Congolese authorities on May 22, 2024.

📋 Staff Comments

This project is also known as the Phase 2 of Nzolana Avenue Rehabilitation Project. The French project title is Le projet de réhabilitation de l'avenue Nzolana Phase deux.
The China Eximbank loan commitment for Phase 1 of the project is captured via Record ID#59229.
AidData assumes the commitment date is July 2016 because the contract was signed then.
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.
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

Rapport Annuel 2018
Rapport Annuels 2017
Modernization of Nzolana Avenue, drc-china infrastructure status march 2011
Rapport Annuel 2017, 2018 Annual Report, 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
Modernisation de l’avenue Nzolana
Les travaux de réhabilitation, entamés en octobre 2022, ont été réalisés par l’Agence congolaise de grands travaux (ACGT) et ses partenaires Grec-8 et SISC S.A, deux contractants chinois.
Financés par la Sicomines
Kinshasa : Alexis Gisaro satisfait de l’évolution des travaux de rénovation de la route Nzolana
Infrastructures: mise en service de l’avenue Nzolana reliant les quartiers UPN-Binza pompage
Lancement des travaux de la Route Nzolana : Alexis Gisaro redonne espoir aux habitants de Ngaliema
La SICOMINES : le volet minier plus important que celui d’infrastructures en termes de financement
REPUBLIQUE DEMOCRATIQUE DU CONGO MINISTERE DES INFRASTRUCTURES RAPPORT ANNUEL2017
Réhabilitation de la route Nzolana : Ouf de soulagement et grincement des dents
Evaluation de l’état d’avancement des travaux du projet Nzolana : Alexis GIZARO félicite le DG de l’ACGT Nico Nzau pour les performances réalisées dans l’exécution de ces travaux
LE PRESIDENT DE LA REPUBLIQUE A OFFICIELLEMENT OUVERT LA ROUTE NZOLANA
Encore des fruits portés par le programme sino-congolais. Les travaux de rénovation de la route Nzolana financés par la SICOMINES S.A. réalisés à 90%. Le ministre des ITP a palpé du doigt, ce mercredi 13 septembre, la poursuite de la mise en œuvre de la couche de roulement sur cette artère. Il en était satisfait.
Longue d 9km,le patron des ITP Alexis Gisaro a lancé jeudi 20.10.2022,la Phase II des travaux d réhabilitat° et modernisat° d la route Nzolana ds la C/Ngaliema
Le Président de la République
Félix Tshisekedi a procédé ce lundi 13 novembre à Kinshasa, à l’inauguration de la Route #Nzolana.
RAPPORT ANNUEL D’ACTIVITE 2023
Projet de construction de la route Nzolana : les travaux ont été réceptionnés provisoirement 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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